I’m Buying The USDJPY on the Daily Chart
I have a Pips Carrier Signal on last Friday and I’m going to Buy this pair when I have a GAP below the Close on the Friday Candle. When The Gap is above this Friday Candle then I’ll place a pending order on 82.54the StopLoss at 81.98, Tp1 at 83.45 and TP2 at 83.91.
Second option we can do when the Stop is hit then we can wait for the price to move to the lower trend line and place a pending order there also, this is just in case when you are at work or doing something else and that you can’t place an order when you are not in front of your computer. The Pending order on this lower trend line is around 81.15/81.45, Stop is at 80.15, Tp1 at 83.45 and TP2 at 83.91. This is a great Reward/Risk ratio but when the Pips Carrier Signal Tp1 and TP2 is hit please remember to delete this pending order also.
Let see what will happen and we make some good pips this week.
PS: Check the FMT Download section also.