Buying Nikkei at 38070 for a 1:8 R:R Trade

24 Şub

Here is why we want to trade this trade:

1) The low of last weekend is at 38050
2) There is a harmonic pattern with its stop loss at this level (patterns turn here also)
3) There is a lot of divergence now
4) Strong support at the 38000 level

This pair moves really fast so a 200 pip stop loss is imperative.

24 Şub

İşlem aktif

Pair has moved 200 pips. We are up 2% but our target is 38,800!