Long USDJPY, Flat C of Corrective B, Wave
TP2: 114.40 (3R/R)
TP1: 113.60 (2R/R, close 50%, S/L move to B/E)
Entry: 112.20 (70pips = 1R/R)
SL: 111.50
TP1: 113.60 (2R/R, close 50%, S/L move to B/E)
Entry: 112.20 (70pips = 1R/R)
SL: 111.50
Note
TP1: taken manually = 1.1R/R; remaining 50% move SL to B/ENote
TP2: taken manually = 2.6 R/R.Final result: 1.85 R/R
Improvement: a). better entry point, b). more precise level calculation w/ safe distnace; don't meddle w/ manual...trade the plan as Jack said!
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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.