FxcInvesting
Short

USD/JPY daily pinbar

FX:USDJPY   U.S. Dollar / Japanese Yen
Type : Market Execution
Date : 21.5.2016
Time : 19:20 GMT             +1
Technical : Daily Strong Old Resistance Trend line & Daily Pinbar & Retrace back to BRN             110.00 or lower & Hidden Divergence on H1
Pair : USDJPY            
Timeframe : DAILY
Trade setup : SHORT
Entry at : 110.212 ( 8 pips left ), ( entry on sunday, after the spread will be normal around 1 pip ), ( if will be a upsters gap on sunday, entry in market direct )
Take profit 1 : 109.356 ( 85 pips )
Take profit 2 : 107.779 ( 242 pips )
Take profit 3 : 105.727 ( 450 pips )
Stop loss : 110.630 ( 40 pips )
Risk reward : TP1 = 1:2,2 TP2 = 1:6 TP3 = 1:11
Our risk : Retrace entry on PA pattern = 0.7% risk of all capital
Setup info : When the take profit one will be hitting, move stop loss to BE ( break even ), and after the take profit two will hit move stop loss to take profit one.
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