J-HOT
HOT Day Trade (Brad Reed Feb10,2015)HOT expected to open at 76.00 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
Trend ride till exhaustion and possible reversal fromUSDJPY is up and rallying, the long term and short term pictures are heading north backed up by fundamentals on both currency pair components the USD and JPY. Our entry setup is pretty simple it's a buy on pullback at first support or in between the 20 and 50 periods hourly moving average (both valid entry zones).
Target is found at 107.31 and SL is right below 106.305 at 106.14 to avoid easy stop hunting.