Revised Long Set-up for USD/JPY
- Trade: Buy USD/JPY between 102.00-102.50 (but no lower than 101)
- Stop Loss: Place stop at 100.85
- Trade Target: First target is at 104.75 (take half profits); second target is at 105.40
- Trade Management: Move stop to break even if price reaches 104.75
See related: A USD/JPY Long with Healthy Validation
By Todd Gordon, founder, TradingAnalysis.com
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Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
