TP4 @ 0.7585 TP3 @ 0.7315 TP2 @ 0.6866 TP1 @ 0.6550 BSO @ 0.6160 BLO @ 0.6095 SL @ 0.6080 ADDITIONAL INFO: This is a slow moving pair, so use a conservative position size—no greater than 2% of the Net Asset Value of your trade account. Also, I'll be shaving 50% of my BUY POSITION @ each TP. After Price Action pulls back from that TP, I'll be placing a new BUY...
USDJPY...Pullback SLO @ 111.25 TP @ 110.00 ADDITIONAL INFO: I'm anticipating a pullback on this pair, which will give us an opportunity for an add-on position. www.toshimarkets.com
With CL1! in an uptrend we should soon see an uptrend on this one, as well; however, if JPY continues to show some strength then it will cause a temporary downtrend pullback before the uptrend continues. BLO #1 @ 81.50 (If CL1! shows strong) BLO #2 @ 80.50 (If JPY shows strong) TP @ 86.00
This pair has reach a strong point of control and will experience a major retracement to the upside before continuing its DT. The following are my coordinates: BLO @ 0.6385 TP @ 0.6815 400+ pips ~~~~~~~~~~~~~~~~~~~ BLO (Buy-Limit Order) DT (downtrend) TP (Take Profit)