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SMPTrader
Oct 15, 2019 11:22 AM

Possible SGD/JPY Short Position!! Short

SGD/JPYOANDA

Description

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 2-4 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 77.40
C - Fundamentals that may affect the pair
USD Retails sales on the 16th Oct @ 22:30 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 77.400
Target 2 @ ....

Risk/Reward @ 3.5.1

Happy trading :)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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