LONG on stong support and pin bar.

FX:EURJPY   Euro / Japanese Yen
398 4 3
This setup use the following indicator.

1. Strong support and resistance line for both target and entry order.
2. Use price action (PA) on pin-bar candle stick close on daily chart .

My setup configuration:
Long @ : 136.00
][ This come from the GREEN Arrow where price shown strong significant resistance in the past.
Rational analysis dude , best is simplicity and using solid ideas like yours : price action & round numbers & channels
Then to go WITH the trend / channel direction.
your risk/reward ratio is 5!
Don't you think that's a bit high? I know its all a personal opinion but perhaps try 2.1
Kevabatai helpmoeny
Hello, I normally use this high.. of Risk-Reward. :D Since if im right I want it to really pay me. :D
helpmoeny Kevabatai
Fair enough, again its based off of personal preference.
I figure if you want to play long (buying lots of shares/spending lots of money), you'd want to play safe :P That is just how I view it.
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