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RaynLim
Jan 24, 2023 5:16 AM

NZDJPY - Combo Trade Short

New Zealand Dollar/Japanese YenFXCM

Description

We could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required.

I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years.

There are 2 kinds of trading management for the such combo.

ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe

UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe.

Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing.

Of the two selections, upsize trade has the higher risk.
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