Get started
Leo1Luke

USDJPY Protecting Your Stop, Risk/Reward Strategy

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Leo1Luke  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
6
0
trendanalysis

Placing the Stop against Strong Support is a way to increase the possibility of the trade going in your favor on the R/R strategy.
Support comes in the form of 200MA, Horizontal and Dynamic Trend Line, historic rejection of Level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.