Low Risk Long Trade on the USD / Japanese Yen

On today’s video I go through a long trade set up on the US Dollar /Japanese Yen Forex currency pair that has very little risk. This Forex currency pair could be bought here at 79.88 with a very tight stop down at 79.55. The first upside price target is 80.37 and the second price target is 80.57. Once 80% of the first price target is hit (80.27) the stops should be brought up to breakeven. Have a profitable day and let’s see what happens.

 

[pb_vidembed title=”” caption=”” url=”http://promovid.tmitchell.com.s3.amazonaws.com/5-7-2012 freevideo.mp4″ type=”op” w=”720″ h=”440″]

For more information about trading the Forex, click here.

About the Author Brian Keith

FREE DAILY TRADE VIDEOS

Join Over 84,750 Traders Receiving Our FREE Daily Trading Videos