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.
Buy: 88.3
Stop: 87.9
Targets: 90/92.4/94
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 [...]