The Traderszone Network

Published in TZ Latest News 30 March, 2016 by The TZ Newswire Staff

Forex technical analysis: AUDJPY trade… stopped out

Trade recommendation stopped out
Yesterday, Adam posted a trade idea from HSBC to sell the AUDJPY at 85.37, with a profit target of 80.58 and a stop at 86.58.  So risk was about 120 pips and reward was about 480 pips.  That conveniently comes to a 4:1 reward to risk ratio.  Enticing trade idea even if the risk reward seems a bit contrived.