MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading idea for the USD/JPY pair

analytics5ff6c0254b767.jpg

A strong bullish impulse occurred at USD / JPY yesterday, as a result of which the pair traded above 103.

Taking this into account, it would be best to open long positions in the market, following this plan below:

analytics5ff6bcb66932f.jpg

As we can see in the chart, the quotes have formed three wave patterns (ABC), in which wave A is the upward movement observed yesterday. Since the market has pulled back to the 50% retracement level, trading positions may be set from 103 to 103.9, in order to trigger a rise in the USD/JPY pair.

The risk/profit ratio of this transaction is 2.5:1.

Of course, traders have to monitor the risk to avoid losing money. Trading is very precarious, but also profitable as long as the right approach is used.

This strategy uses Price Action and Stop Hunting methods.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com