Hi Everyone!!
On EUROYEN we have a potential Long Cypher pattern taking shape.
Entry: 118.590
Stop: 118.041
Target: 119.067
Yes!! It’s a negative Risk to Reward ratio. However, from my back testing data I know that there is a High Probability of it winning.
My Win/Loss ratio for this Currency Pair & Pattern is high enough for me to be confident to trade this pattern even at a negative risk to reward ratio.
Good luck Trading!
#forexprotege
On EUROYEN we have a potential Long Cypher pattern taking shape.
Entry: 118.590
Stop: 118.041
Target: 119.067
Yes!! It’s a negative Risk to Reward ratio. However, from my back testing data I know that there is a High Probability of it winning.
My Win/Loss ratio for this Currency Pair & Pattern is high enough for me to be confident to trade this pattern even at a negative risk to reward ratio.
Good luck Trading!
#forexprotege