Why we are reducing risk for JPY pair!

EurJpy6june

Counter : EurJpy

Direction : Long

Technical Description : Uptrend on Daily Time Frame. Very strong support level at 123 level. MACD on our favour for reversal.

Reward : > 200%

If we do take this trade, we will be reducing our risk as we are overly exposed to Yen Pairs.

Below are the two trades that we have taken and are now part of our portfolio. If we do add EurJpy, it risky to maintain the same risk. If for some reason, should Yen strengthen further, all our trades may be hit with stop losses.

If you want to get the full set up, join us in our FB closed group here.
https://www.facebook.com/groups/tradesnprofits

 

JPY6june

 

Author: Trades&Profits

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