DislikedHi Pip26
Thanks for the charts. I have some questions.
I did not take the EURJPY trade because the support line of the downward daily channel was reached mai 20th, and the price appeared to start climbing upwards. On the other hand, looking at H4 we see a nice downward channel. Is this why you took the trade?
Assuming the EURJPY price starts/continue heading towards the resistance line of the daily channel, will you in general take trades/look for setups when we have a downward channel in the H4 chart?
I guess the <--56:14 is your reward:risk...Ignored
I use H4 and D1 channel for determining direction.
56:14 is not my R:R it is candle time to close.
Vertical line is showing my entry. I used opening of candle, previous candle is closed at 5 SMA so it is valid for entry. On H1 i use 1:1 for Half lot size and for remaining lot i use FE 61.8 FE 78.6.
Hope i clarify all your questions but if u still have anything else just ask.
Cheers