EJ Bears coming??
Updated
JPY has been bearish significantly in the past few days, pushing prices across all pairs. Could JPY start to reverse? Well I hope so, and I picked up this EJ in specific as I like the price action I see. All are explained on the chart.
Trade active
Trade is working, but bears are facing resistance from bulls. Expect some momentum by Monday. Will take some profit at 1:2 and put my SL at BE.Trade active
Price is still on a downtrend forming a flag pattern which worries me as it is a retracement pattern and could trigger a bullish breakout. Will be observing the price action at the London session open to decide what to do with this trade.Trade active
Still holding to the position. Could extend towards the end of this trading week.Trade closed manually
Closed the trade at 1:1 Profit as the bears momentum was not strong enough to take the bulls. JPY is still a safe haven, and the current financial outlook is optimistic, hence JPY is still weak!
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