Scalp on oversold NZDJPY : 80-20 strategy
Looking to see a reversal here using 80-20 strategy : previous day in overall bullish on dailies then have :
1. Open in upper 20% of previous days range & close in lower 20%
2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low
3. stop loss below today's low by 10 pips, should go into profit quickly
* low probability / low risk opportunity
1. Open in upper 20% of previous days range & close in lower 20%
2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low
3. stop loss below today's low by 10 pips, should go into profit quickly
* low probability / low risk opportunity
Trade closed: target reached