Forex portfolio: Short the USDJPY pullback

Let's take this trade next. Enter now, stop 101.691, risk 0.5% on the position.

Good luck!

Ivan Labrie.

Comment:

This can evolve into a giant selloff until November 25th.

Trade closed manually:

I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.

Trade active:

Reenter this one, stop is now 102.655

Trade closed manually:

The short doesn't look safe now.