USDJPY: Rejection Wick 1:1 or 1:2
Updated
A nice trade in sight on the Wick rejection strategy: most common is 1:1 but 1:2 is also quite possible depending on the momentum.
Once position is good in favour move SL to B/E with some pips profit and let it run or bust.
Once position is good in favour move SL to B/E with some pips profit and let it run or bust.
Trade closed: stop reached
only 0,75% of this rejection wick whily the Dollar is weakening - quite happy with it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.