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daldertg

HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
daldertg Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
longtrade LONG longsignal longsetup long-entry stoploss usdjpyanalysis USDJPY usdjpylong risk:reward riskreward Support and Resistance jpy USD dollar priceaciton #priceactiontrade session morning profitable timeframes shortterm forexanalysis Forex forextrader lowerhighs higherhighs forex4noobs Currencies forexswingtrader swing-long swing-trading swingtradelong
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longtrade long longsignal longsetup long-entry stoploss usdjpyanalysis usdjpy usdjpylong risk:reward riskreward supportandresistance jpy usd dollar priceaciton #priceactiontrade session morning profitable timeframes shortterm forexanalysis forex forextrader lowerhighs higherhighs forex4noobs currencies forexswingtrader swing-long swing-trading swingtradelong
The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view.

So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable.

"Trading is not about being right most of the time, its about being profitable" - Anonymous


Trading Details:

Time Frame: 8hr
Entry: Above the high of the indecision candle
Stop loss: A few pips below the Indecision Candle
Risk/Reward: 2:1
Account Risk: 2%
Comment:
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