[B]Long or Short:[/B] Long setup on the 1hr chart
[B]Entry Point:[/B] 102.75
[B]Stop Loss:[/B] 102.40 (below the channel)
[B]Profit Target:[/B] 104.00 (top of the channel)
[B]Risk Ratio: [/B]3.57:1
[B]Risk involved:[/B] 1% of account
[B]Rationale:[/B]
[U]Technical[/U] - Possible channel support
[U]Fundamental[/U] - Continued yen weakness, development over Spanish bailout
[B]Trade Adjustments:[/B]
I’ll move my stop to BE once price reaches the middle of the channel