Ichimoku CADJPY Currency Trade Setup 5/5/10

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  • Ichimoku CADJPY Currency Trade Setup 5/5/10

It is time now to start looking at buying CADJPY.    It has moved down drastically as we wanted it to do.    We are going to place a limit order at 90.80 with a stop of 88.80.  That is a 200 pip risk.  Our goal is to get to 95.00+ so we will have a reward/risk ratio of greater than 2:1. 
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