July 9th $USDJPY set up

USDJPY 9th JulyToday’s set up on the $USDJPY . Will price be rejected by this resistance on the 4hr chart? If price enters the box and exits below for a sell trade then a 4:1 reward : risk trade will open with the stop at the top of the box. MTBE after 30 pips and trail profit after 60. If price does not enter the box, or continues up through the box, no trade will be taken.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s