tartantrader
Long

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
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