Tuesday, October 20, 2009

2009-10-20 USDJPY Live Trades

Shorted USDJPY this morning around 9.30am (see H4 Roadmap)


















Result:
Price did not reach eventual target.  Scaled out with 40pips and remaining with 5pips when the price bounced back.

Review:
There is always a reason why price stop at a certain level (see chart)


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