Long signal in the CADJPY (with good Risk-reward ratio)

Having a good risk-reward ratio on your trades is key to have good results in the long run.

What would you think about a risk-reward ratio of 9:1?

What that means is that I’m trying to get 9 times what I’m risking on that particular trade. For instance, if you have 20 pips at risk, I’ll be shooting for 180 pips…

This type of trades is what makes me feel (very) comfortable about the way I trade.

Think about it, how many successful trades like this one you would need a month? (hint: only one)

Here is the chart:

CADJPY

Details of my trade:

Entry: 80.70
SL: 80.34
TP: 84.29

By the way, I’m risking 1% of my account on this trade.

What do you think?

Let me know in the comment section.

Cheers,

CADJPY Analysis, forex, forex signal


Raul Lopez

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 .