One of the best moves in the currency market happened this week on GBP/JPY. First Chart below shows the trade level for this cross very early this week, with very low risk to reward. why it that happened because I took long in the bullish market in the M15 time frame. Very classic approach to long from lower level on the consolidation area from 140.81 level. The second chart below shows the result after only 3 days in the hourly time frame. currently, price is in the 183.80. so now it is time to do the math and find the exact risk to reward ratio which is about 1 to 15. It means I risk 1% of my capital, and now gain 15% of my account, yes more than 300 pips in just 3 days.
This is the recent trade by one of my student on the EUR/USD on hourly time frame. As you can see in the chart above, price broke very clean level 1.0674, then came back touch the level. You see the entry point as well as, stop loss. Take profit sat to the 1 to 2 risk to reward ratio.
You may found out the position size which is 0.24 standard lot. Well-done Bita.
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