I have a bullish view on Dollar Yen for now and I would initiate a Buy here at 113.73 with a stop at 113.49 and Target 114 l 114.15 and 114.35
BUY - USDJPY
Price - 113.73
Stop - 113.59
Target - 114 then 114.15 and 114.35
GMT - 5:31am
Risk takers could trail stop to entry on achieving target 1.
Time - GMT - 08:58 am
USDJPY is now at 113.97 and close to the first target of 114.I am looking to exit here and be happy with the 25 odd pips i pocketed. Risk takers can move stop to entry and run for larger profits.
For me the trade closes here and won't have any further update.
I shall be back again with another set up soon.
Fayaz Sadik Sait
Trading in financial instruments is not for the weak hearted , Trading these instruments involves high level of risk and losses can exceed capital (depending on your FX Broker).My advises should be used as a medium to learn and not as a medium to get RICH.I dont have any formula for anyone to get RICH. I shall share no responsibility for anyone's profit or losses.Once again Trading is not for everyone.
Share on Facebook
Share on Twitter
I'm busy working on my blog posts. Watch this space!