alphatrader
Long

Bounce area 88 zone on nzd/ jpy great risk reward ratio!

FX:NZDJPY   New Zealand Dollar/Japanese Yen
27 0 1
We have a hammer at a support level which closed up. A entry at the 50% LEVEL OF THIS CANDLE
would provide ideal risk reward ratio. About 30 pips risk for 120 pips approx gain at target 1. Should it move to
target 2 that would equate to approx a 200 pip gain off of a risk of about 30 pips or so.

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