short - JPN elections & euro fear
Updated
I am shorting this because JPY election signifies further strength in the YEN. Traders look bearish on the euro. I believe Eastern traders will be buying up the YEN because they know that their government will continue to protect their exports, let alone the fact that the YEN is a safe haven asset.
Another key indicator for me was the fact that this looks like a double top may be forming, but look at the volume. The volume has in fact decreased. I believe this is a false rally.
Short.
Another key indicator for me was the fact that this looks like a double top may be forming, but look at the volume. The volume has in fact decreased. I believe this is a false rally.
Short.
Comment
To clarify, the market has risen on falling volume. This is an anomalyOrder cancelled
Closed this trade at the end of yesterday's trading session because something told me there wasn't enough push on the way down. The yen didn't rally as strongly as I suspected and I figured the Euro would be protected with recent announcements. I went long eurgbp instead and so far the trade is in the money.Comment
clearly I was wrong here. Stick to your plan, rookieDisclaimer
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