USD/JPY
We see that the 0.786 fibonacci level as well as the 1.272 extension create a great area to take this trade. If we look left, we can also find some support and therefore it all makes a great case for entry this trade. I am looking for a 1:4 Risk:Reward ratio and that is GREAT! I will take the trade as long as it comes back at 112.47. I will keep you updated.
Have a great Day ;)
We see that the 0.786 fibonacci level as well as the 1.272 extension create a great area to take this trade. If we look left, we can also find some support and therefore it all makes a great case for entry this trade. I am looking for a 1:4 Risk:Reward ratio and that is GREAT! I will take the trade as long as it comes back at 112.47. I will keep you updated.
Have a great Day ;)
Trade active:
As news are coming, I decided to take this trade right now and still have a little more than 1:1 risk ratio. Have a nice trade ;)
Trade closed: stop reached
Comment:
Sorry, not stop reached. I am still in the trade and start to looking good ;)
Trade closed: stop reached:
Sorry again. I guess I am still asleep. Yes, it did reached the stop and It looks like it wants to go lower to the 111.70 area