I have spotted few opportunities past week but here I’m posting you the best of the setups. Things you need to look in the chart is that price tried to protect an area for few sessions and try to rally which is market as support market with blue rectangle. When price rally to supply (which will hold the price downwards), and next blue Rectangle in between has act as resistance, where first attempt ( mark as middle blue rectangle), was failed. Now I expect price to move downward towards the next support which is 139.80. So, Trade setup with stops and target is mentioned below
We Will risk 4% of the capital & target 10% Return.
Suppose if you are trading with an account $1000, then risk only $40 & Trading lot will be 0.20 Cents.
Sell gbp/jpy @ 141.40
Stops @ 142.04
Target 1st @ 140.80
Target Second 139.40
