EURJPY short
4 confirmations for sell.
1. Old daily timeframe downtrend line touched 3rd time.
2. 4 hours timeframe channel support line touched 3rd time.
3. Strong resistance area.
4. 4h red candle closed with full body. Good indicator for short.
Potential risk/reward ratio is 2.5.
Most important rules in trading:
1. Do not risk more than 1% per trade.
2. Take high probability trades with minimum 3 confirmations. (Less trades, more profits)
3. Be patient, disciplined and consistent.
4. Do not chase money.
1. Old daily timeframe downtrend line touched 3rd time.
2. 4 hours timeframe channel support line touched 3rd time.
3. Strong resistance area.
4. 4h red candle closed with full body. Good indicator for short.
Potential risk/reward ratio is 2.5.
Most important rules in trading:
1. Do not risk more than 1% per trade.
2. Take high probability trades with minimum 3 confirmations. (Less trades, more profits)
3. Be patient, disciplined and consistent.
4. Do not chase money.
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