This morning I discussed entering a short in the US/YEN pair if we were to close below 94.87 on the 4Hour. This trade was entered with an entry of 94.84. My stop is 95.69 and my first target is 94.49. I will cover half there and then move my stop to breakeven (94.84). My second target is 93.89.
Around the same time, Trader Outlook's firm (yes, they make the same trades that they recommend us) also recommended a long in the Dollar/Canadian, which we also took. Entry was @1.1672, Stop @1.1564 and only one target of 1.1799.
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