Buy stop @108.800 JPY with target @109.500 JPY or maybe higher @110.000 JPY (use Trailing Stops) and conservative stops at @108.200 JPY or a closing-basis stop below the low of 108.580 JPY.
For more information on targets - Refer to the following charts (the Horizontal resistances and the channel resistance are drawn)
*Alert* / *Note* - Reverse the trade only if the market hits the Buy stop (mentioned above). If the Buy stop doesn't trigger, then it is better to stay SHORT.
There is a minimum of 70 pips to be made in this trade.
Earlier (in the previous idea/related idea), I told to short this pair. Now it's time to reverse this trade (taking a small loss of 26 pip, i.e. from 108.500 to 108.761) because the context of the market has changed.
For explanations, watch out for my posts coming later.
For more information on targets - Refer to the following charts (the Horizontal resistances and the channel resistance are drawn)
*Alert* / *Note* - Reverse the trade only if the market hits the Buy stop (mentioned above). If the Buy stop doesn't trigger, then it is better to stay SHORT.
There is a minimum of 70 pips to be made in this trade.
Earlier (in the previous idea/related idea), I told to short this pair. Now it's time to reverse this trade (taking a small loss of 26 pip, i.e. from 108.500 to 108.761) because the context of the market has changed.
For explanations, watch out for my posts coming later.
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