After targets#1 and target#2 were hit, its time to reload for the daily major target where the daily trendline resides.
Limit: 105.30 and 105.54
Target @ 102.31 or a 200 pip trailing stop.
*keeping in mind tht the US rate decision is coming up tomorrow (Wednesday), and then the Bank of Japan monetary policy meeting's end is on the horizon.
Limit: 105.30 and 105.54
Target @ 102.31 or a 200 pip trailing stop.
*keeping in mind tht the US rate decision is coming up tomorrow (Wednesday), and then the Bank of Japan monetary policy meeting's end is on the horizon.
Comment:
I am not so confident in this trade. So, I took some risk off the trade. I am slightly bullish going into the FOMC. This is another reason. I will short higher if there is a chance.
Trade closed: target reached
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
