AvaTrade - Analytics

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USD/JPY- Fell from Our Identified zone, 162 pips profit

The USD/JPY pair fell from Our Identified resistance zone (mentioned below) on a 4 hour time frame. The touched the resistance zone of 125.29 -125.83 which represents a stop loss of 68 pips and moved lower all the down to 123.71- representing an opportunity of 162 pips approximaltely. This is more than 2:1 ratio which means that you are willing to lose one only if you are willing to gain twice that. For most day traders this is a perfect risk management system. The price has also broken its downward trend line and now it is trading above this. This shows that the bias is towards the upside.

The CCI indicator is also trading inline with the price action and this is a further confirmation of the above argument.

USDJPY 17-08-2015

Important Zones

1.28.87-125.29

120.76-120.37



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