USDJPY BREAKEVEN

USDJPY BREAKEVEN
14th November 2016 contacttf
Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

I lost a few pips earlier on $usdjpy. The trade snapped through resistance and bounces off 108.00.

I took the trade based on the round number, and the TF1 system.

Trade closed because price did not fall sharp enough. The candlestick had large wicks also.

It's important that you understand that trading the Foreign Exchange market involves a high degree of risk, including the risk of losing money.

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