Yesterday I opened my AUDJPY trade, I really like this one because of its risk reward ratio, I’m risking 43 pips and I’m trying to get 405 pips… good ha? Make your math, what would you get if you risk 1% of your account in this trade?
Anyway, I’d really feel more comfortable once the AUDJPY breaks the ST resistance level shown below:
And I have another one in the USDCAD. It’s been painfully slow, but moving in the intended direction, so I guess it is alright:
Now, I’m going to be careful with this one, because tomorrow we got the CAD unemployment report, and as you already know, the CAD is one of the currencies that react the most to its fundamental announcements.
So it will have to move on my favor so that I can hold it during the announcement. We’ll see what happens.
What is your take on my trades?
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I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .