My 2nd USD/JPY Trade (17-03-2008)

*Attached chart. Click on it for the enlarged version.

Hello everybody :)

I shorted the USD/JPY again at the price line of 96.60 at 6:50pm (Singapore Time) | 10:50am (GMT).

Same thing that I saw from the previous trade > Click Here!

Stop loss at 96.85 (25pips) and Target Profit 95.80 (80pips). Risk : Reward = 25 : 80 = 1 : 3.2

Currently, I am 20pips in the money. Have not shifted my stop loss to protective stop.

Will update as this trade goes by :)

Peace and trade safely everyone...