Posts Tagged ‘yen’
My low stress trade was a fail but that doesn’t change my bias on USDJPY. I’m still long!
AB=CD on the monthly chart.
Entry on the 15-minute chart. Buy if the price closes above that blue line. It is important that you wait for the candle close. Target is at 90.75 and stop will be placed 5 pips below [...]
I’m calling a “low stress” buy trade on the USDJPY; We will be buying the breakout level at 88.3. Place your stop at 87.9, move stop to breakeven once it hits 89.5 or take your profits if you like.
Trade opened at 88.44
Another volatile week in the currency markets and as you know (unless you are living inside a cave ), Mr Ben and BOJ trimmed their respective interest rates. Will we see continued upside on carry trades or is this just a prelude to lower lows? Frankly speaking I’m still bearish on where carry trade currencies [...]