Hi everyone,
I would like to share with how I build my analysis on the Usdjpy yesterday (2 days) with a nice profit of 1:3 risk reward (attached is the picture)
1 - The market was previously bearish and retraced up far from the main value
2 - Two fibonacci confluences (61.8 retracement + 1.618 extension) red lines
3 - Price Action : Entry on a break-out of inside candle (blue line).
This combo gave me an explosive 1:3 risk reward (280 pips).
Focus on set-up that gives a high probability set-up and you only need 1 or 2 per month to be very profitable.
Thanks guys, hoping to hear your comments
Niverto
I would like to share with how I build my analysis on the Usdjpy yesterday (2 days) with a nice profit of 1:3 risk reward (attached is the picture)
1 - The market was previously bearish and retraced up far from the main value
2 - Two fibonacci confluences (61.8 retracement + 1.618 extension) red lines
3 - Price Action : Entry on a break-out of inside candle (blue line).
This combo gave me an explosive 1:3 risk reward (280 pips).
Focus on set-up that gives a high probability set-up and you only need 1 or 2 per month to be very profitable.
Thanks guys, hoping to hear your comments
Niverto
