Fxprotrader

USDJPY: Buying Is Our Option

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Vice versa from EURUSD-0.77% , NZDUSD-0.88% and AUDUSD-0.75% where we look for selling, in USDJPY1.23% we should wait for a correction and watch for a buy setup to complete. In my last post i updated a sell setup because of the consolidation and closed my position almost at BE (tiny profit).

* the arrows in the chart don't represent the exact moves, i expect price to make, and profit targets. I use them to make clear what i expect, in this example; a correction followed by a new upmove
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