USDJPY Timeframe Monthly [SHORT]
Analysis
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
- Price Action getting away from Recent Surplus Zone (downtrend)
- Recent Surplus Zone indicated by (x) supported by Historical Market Sentiment (many hits on these areas)
- Recent Shortage Zone established
Conclusion
- High probability of profiting by placing Short Order.
Strategy:
- Take Profit @ 105.239 once Price Action touch Recent Shortage Zone
Reason: Take Profit as quickly as possible
- Stop Loss @ 118.462
Reason: Place on the most recent tip that touches the downtrend line.
Risk Management:
Reward Risk Ratio ( 4.13:1 )
Position Size: 0.01
Risk: 34 USD
Capital >= 3400 USD
Reason: Good trading practice is to only risk 1% of Capital per trade to stay in the game & to maintain a good psychology.
Comment:
Waiting to reach target profit.