Traders
USD/JPY daily pinbar 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.
CADJPY Trendline Support Bounce, 2.5X Risk to RewardHey guys! Hope everyone is doing good! Just want to let you guys into a great long I have been monitoring for a while! CADJPY has just rebounded and closed above support level 82.920, creating a good long of 2.5x RR. You could go for the opposite trendline resistance to take your profit, increasing the RR even more.
But of course, being the conservative trader, I love to get my RR and get out of the market. Hope this makes you some pips!