Hello Traders!
I am seeing the possibility of USDJPY buy.
USDJPY has been making higher lows and is in an uptrend currently. The market is at critical support which I believe will hold. I will be placing a buy stop with a tight stop-loss and low risk on the table. The risk to reward ratio is good.
Market-BUY STOP: 107.550
Stop-Loss: 107.400
Take-Profit: 108.300
Stop-Loss: 15 pips
Risk: 0.5%
Risk-Reward: 5
What do you think?
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I am seeing the possibility of USDJPY buy.
USDJPY has been making higher lows and is in an uptrend currently. The market is at critical support which I believe will hold. I will be placing a buy stop with a tight stop-loss and low risk on the table. The risk to reward ratio is good.
Market-BUY STOP: 107.550
Stop-Loss: 107.400
Take-Profit: 108.300
Stop-Loss: 15 pips
Risk: 0.5%
Risk-Reward: 5
What do you think?
Thank you for checking my idea out. Do not forget to Like, Comment and Follow for more ideas.