[Free] 20190527 (Mon) Dollar-Yen Leading Scenario

Good morning, market!

It's Monday.

Let's trade with a positive attitude this week as well!

"It is precisely because we take a positive attitude that we win."

USD/JPY is going down, isn't it?

Since it's falling, I will aim to sell honestly.

In a downtrend, when it retests, sell; when it retests, sell again.

USD/JPY 15-minute chart

The line to target selling is at 109.449 and 109.721.

Profit target is up to 109.000.

Before that, there is the 109.142 line, so depending on movement, you might exit there as well.

Even to that point, there are about 30 pips, so I think the risk-reward is favorable.

I typically look for a stop of about 10 pips, so if the profit target is 30 pips, the risk-reward is 1:3 (loss 10 pips, gain 30 pips), making it a fairly favorable trade.

Even if you win and lose alternately, the overall profits remain even if the win rate drops below 50%.

Once you enter, always place a stop loss (the reverse order of a stop loss).

Set a predetermined loss amount. Avoid big losses.

You can decide the loss amount in advance yourself.

Since you can decide for yourself, extreme losses or immediate disqualification are, in general, unlikely.

Past articles link collection ↓

https://www.gogojungle.co.jp/finance/navi/699/11076