USDJPY SHORT - A very simple trade idea
Trade war = weak USD, YEN is a safehaven currency.
ABENOMICS running out of steam to devalue the YEN.
Risk 100 up from 107
Target 200 below.
Scale in once a daily session is in the money and par/BE is assured.
I am backing this idea with actual trade, short from 106.97, my stops are 95 odd above.
I will update as it progresses.
ABENOMICS running out of steam to devalue the YEN.
Risk 100 up from 107
Target 200 below.
Scale in once a daily session is in the money and par/BE is assured.
I am backing this idea with actual trade, short from 106.97, my stops are 95 odd above.
I will update as it progresses.
Note
you win some and you lose some. This one so far looks like it will be a loss. but that is ok. cable did good by me last 7 weeks, so I can swallow this should it burn up to my stop. I wont be exiting manually.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.