Sell NZDJPY because:
- closed below 77 level
- yesterday formed bearish pinbar.
- ema 10 recenly crossed ema 20
This is on different account, I got money to trade for free , if I make profit, I keep it, if I lose, I do not have to pay. This is cent account, so sums looks similar.
So we can count balance into same.
Risk 543.43
r/r 2.39 - on smaller side, but I do not want to make SL too close. Can make it closer bit later. I am not sure what would be best.
https://dailypriceaction.com/weekly-...ril-16-20-2018
Here he did not write what to do after this level 77 is broken, but I see in his chart there is another level lower, so I used it as TP. Looks like perfect situation. But when it is perfect, everybody knows it is perfect. Theoreticallyt everybody should sell and so price should move down. But probably market will be manipulated so that every now would be stopped out
Maybe I should take long position ?
Only one thing which makes this not perfect I see - on 4h chart previous candled looks lilke bullish pinbar or rejection candle.
Also I do not understand why it should go till the TP. I believe it can go down likely, but it might not reach TP very likely also. So not sure what to do, take profit earlier and have lower r/r ?