Potential short position EURJPY

Bias
On the H4 chart, we have potential bullish signal.

Entry
Entry is on the 15M chart, where we will use the 61.8% and 78.6% retracement level.

Stop Loss
For the 61.8% entry, the stop loss is at 78.6% while for the 78.6%, the stop loss is at the 100% level

Risk
Risk is at 0.1% of the account

Comments

This strategy tends to have a low win rate but a relatively high risk reward ratio. We therefore have to proceed with caution.

https://www.tradingview.com/x/BLsTWj0W/