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Trade Ideas

Trade Idea – 14 April 2013 (update on 15 April 2013)

Good morning traders!

Just a quick update on the trade idea I presented over the weekend. As you can see our trade got triggered during the Asian session overnight. And we are now in profit.

The original recommendation was:

Buy at 97.77; Stop loss 97.47 (30 pips risk); Target: 98.64 (Well over 1:3 Risk to Reward ratio.)

Looking at the current price action I would like to make the following suggestions to manage this trade:

  1. Move the stop to break even, so we cannot lose
  2. Take half off the table on +30 pips
  3. Revised target @ 98.43

usdjpyh1 - trade update 15april2013

Happy Trading!

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