I entered USD/JPY based on retracement to previous level of support and approx 50% candle retracement.
Is the previous level of support too distant to be considered valid?
Is the previous level of support too distant to be considered valid?
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DislikedHi,
Very interested in this method. I was wondering what would happen during periods like 16th March to 24th (approx) or 26th to 30th March or 4th to 6th March or 1st to 2nd March etc.
Do you move stops to breakeven quickly to avoid losses in such cases, or are they filtered somehow.
Kind regards,Ignored
DislikedEUR/JPY short with 50% candle retracement.[/quote
looked like a good entry ... what was the outcome chazbo .Ignored
Dislikedhi, possible trade , price broken up through the 20ema ... 5ema about to cross .. price has pulled back to 50% of candle .. but i prefer s/r level 0.8543 for entry ... parabolic sar green .
have wait to see if it pullsback to entry point..?
risk 33pips
profit target s/r level 0.8643 ....100pips
break even...50% retrace 0.8596
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Dislikedaud/jpy looks in a bit of a range ... looking at a possible move down to 82.00 if it break s the 83 level .....will wait for potential pullback to 83 ... if r/r set up ok .
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