A Generous Risk to Reward

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY down trend is showing signs of fatigue, the sellers are drying up at 1.0560. Unless sellers can close below the Mendoza Line they will eventually exhaust, when that time comes a excellent rr will present itself with trapped traders exiting en masse creating a dynamic thrust to 1.0731 then 1.0850. Be patient and collect a generous roll in the meantime. Strategy: Enter long at current level with a stop just below 1.0550, TP 1/2 position 1.0731 remainder 1.0850
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out