UPDATE:
Stop Loss order has been moved to entry level... still targeting top of the channel, Good Luck
USDJPY - we are trading at the very bottom of the channel on daily chart ( please check the chart below ). So from technical perspective at least bounce could be in place twds top of that channel. Dollar also get data support ( Core CPI again above 2% ) and FED officials support. So taking all of the above into consideration we are buying the pair on dips ( between 100,20 and 99,80 ) with stop 20 pips below todays low and targeting top of the channel. Risk / Reward is on our side.
Good Luck
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com
Stop Loss order has been moved to entry level... still targeting top of the channel, Good Luck
USDJPY - we are trading at the very bottom of the channel on daily chart ( please check the chart below ). So from technical perspective at least bounce could be in place twds top of that channel. Dollar also get data support ( Core CPI again above 2% ) and FED officials support. So taking all of the above into consideration we are buying the pair on dips ( between 100,20 and 99,80 ) with stop 20 pips below todays low and targeting top of the channel. Risk / Reward is on our side.
Good Luck
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com
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