concept0007

time to ride that bull!!!!

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FX:GBPJPY   英鎊 / 日圓
5
This to me is a money setup indeed i really feel good about it but manage your risk well only a max of 2% should be risked. Check your 1 hr time frame there is a break out on the 200sma, the 4hr time frame just bounce of the 200 sma and the same situation with daily. The weekly is a strong movement upwards. This is a strong buy and taking a sell would be risky. The stochastic has just reached its oversold area and the rsi is also at a reversal point going into a buy. My first target is 152.830 and the second target is 160.959. THIS CANT BE IGNORED. Manage your risk well and keep in mind anything can happen as well.
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