Saturday 19 January 2013

07/01/2013 USD/JPY long (loss)



Long trade on USD/JPY. Chart explains entry, stop and target. Risk was 0.5%, aiming for 2:1 RR (click chart to enlarge)







Here is the exit chart. The next day price went down and stopped me out for a loss. 





In hindsight, although it failed I would take the trade again. 



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