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SamKent
Oct 20, 2014 1:01 PM

USD/JPY 1 Hour Game-Plan Long

U.S. Dollar/Japanese YenFXCM

Description

Our current plan for the USD/JPY on the hourly chart is to enter long at around the 38.2 fib+100 MA at around 106.65, with corroboration from stochastic. Our target will be the prior swing at around 107.3, simple trade with acceptable r&r. We want to always have a Game-plan and wait for the market to come to us.
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