Saturday 19 March 2016

USD/JPY



USD/JPY .. Breaking out of a Small Triangle on H1 Chart... We will Buy the pair near it's trendline resistance turned support and Keep a Small Stoploss below previous support.. 

Recommendation :

BUY Limit USD/JPY @ 111.20 / SL 110.80 / TP 112 - 112.40 

Keep Pending Orders with Small Lots, We will review on Monday

SL : Stoploss
TP : Take Profit

Risk Involved : 40 pips 
Reward Expected : 80 -120 pips 

Risk : Reward Ratio = 1:2 & 1:3

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