To open SHORT positions for HKDJPY , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid and we can see this pair climb to new highs. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will basket trade into the position on H1 and minimum 100 pips will be up for grab with small risk SL at swing high. Target 200 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.