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Trade Recommendation 11.10.2017 : USDJPY

The market moves between 113.20 and 112.00 levels and now the price is at the support level. On the daily chart MACD gives a signal that we should expect further downward movement. On the 4H time frame we also get bearish signals from MACD and DMI. It’s sell opportunity and we can trade based on a breakout signal. Pending orders for sell should be placed below the support level at 111.95 and stop orders at 112.90 level. The main profit target is 11.00 support level. Don’t risk more than 3% from your deposit in this trade.
Market: USDJPYSell: 111.95Stop: 112.90Profit Targets: 110.20

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