EUR/JPY 1H Short Trade Plan
Asset: EUR/JPY
Timeframe: 1H
Direction: Short
Entry: Market sell @ 184.632
Stop Loss: 185.085
RR Ratio: 1:5.91
Targets & Execution Plan:
1. TP1: 184.000
- Reduce position by 50%
- Move stop loss to break-even (entry price)
2. TP2: 183.496
- Reduce position by another 50% (of remaining size)
- Trailing stop to TP1
3. TP3: 182.777
- Reduce position by another 50% (of remaining size)
- Trailing stop to TP2
- Let the final partial position run freely
Risk Management:
- Risk per trade strictly defined by SL distance
- Partial scaling out + trailing stop strategy applied to lock in profits at each level
- Final position left to run with trailing stop in place
Risk Disclaimer:
- This is not financial advice. All trading involves significant risk of loss.
- Past performance is not indicative of future results.
- Always use proper risk management and do your own research before entering any trade.
Asset: EUR/JPY
Timeframe: 1H
Direction: Short
Entry: Market sell @ 184.632
Stop Loss: 185.085
RR Ratio: 1:5.91
Targets & Execution Plan:
1. TP1: 184.000
- Reduce position by 50%
- Move stop loss to break-even (entry price)
2. TP2: 183.496
- Reduce position by another 50% (of remaining size)
- Trailing stop to TP1
3. TP3: 182.777
- Reduce position by another 50% (of remaining size)
- Trailing stop to TP2
- Let the final partial position run freely
Risk Management:
- Risk per trade strictly defined by SL distance
- Partial scaling out + trailing stop strategy applied to lock in profits at each level
- Final position left to run with trailing stop in place
Risk Disclaimer:
- This is not financial advice. All trading involves significant risk of loss.
- Past performance is not indicative of future results.
- Always use proper risk management and do your own research before entering any trade.
Trade active
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.