newcapitalfx

USD/JPY Long - 17 Aug 2021 | Hybrid Move Result +3.00%

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hey Traders,

Let's do a few trade recaps from the calls made here.

These educational posts about our type of analysis together with our 1:3 fixed risk to reward makes mechanical trading extremely interesting.

The second trade was of course again entered based on our script entry indicator within our daily and higher-timeframe demand area. When price was located within our zones, it was just a matter of time to get an entry and play this long bias with an edge. The outcome of this setups was a +3.00% win, price was a bit choppy but the bias played out perfectly.

It's all about executing your edge, mechanical rules and deeply tested management.

Kind regards,
Max Nieveld

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