I have taken a trade today on the USDJPY and I have recorded a video to show you the trade
For this trade, I am going for 1:2 risk reward ratio. I set my stop loss at 25 pips and target profit at 50 pips
I will update you once the trade is over
Outcome of the trade on 9th June 2020
At the same time, I will like to update you guys the outcome of the trade yesterday.
The trade I have posted yesterday ended up as a breakeven trade but I have entered another 2 trades after seeing the price hitting the same level of resistance multiple times.
The 2 trades ended up as a 2 pips losses and 25 pips losses.
As you can see the table below, as long as we can maintain small losses and big wins, we will be profitable in the end.
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