Great short opportunity on the USD/JPY. Good Risk/Reward

Very Basic Stuff, if you trade trends, reversals, indicators even volume. I believe this move ticks a lot of boxes. The Stop loss is totally dependant on your trade style. There is plenty of meat left on the bone from my take profit marked on the chart if this trade heads south, but that's my style I am happy to get out early and sit back waiting for the next move. You may have to hold this trade deep into next week but even if you day trade or scalp change the candle to the 1 hour or lower and catch the falls. safe trading folks.

Always prepare for all outcomes.

تعليق:

on the upward, 112.30 could well be hit before this trade reverses, dependant on your risk reward etc. this may be worth keeping in mind.

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Now that this pair has hit the 110.40 zone a move to the upside would be the more likely. I am being a little cautious though as I don't feel this will be pushing past the 111.25 zone with any great pace, before rejecting this area and heading south and consolidating in the 110.00 zone.

Interesting to see how this one plays out.