Europe vx. Japan
Updated
As we can see, price is moving quite nice.
We want to see the EJ drop into the red area, where we could look to buy, all the way to the top!
One thing I do not like about this trade, however, we need a weak Yen. And as we all know, in times of war, people like to buy the Yen as SaveHaven. This is the one thing that you have to keep in mind with this trade.
So for this one, I will set an alert and if triggered, I will check the strengh of both pairs before entering an trade.
Another way to get a safer trade, would be to look for a hedge ;-)
We want to see the EJ drop into the red area, where we could look to buy, all the way to the top!
One thing I do not like about this trade, however, we need a weak Yen. And as we all know, in times of war, people like to buy the Yen as SaveHaven. This is the one thing that you have to keep in mind with this trade.
So for this one, I will set an alert and if triggered, I will check the strengh of both pairs before entering an trade.
Another way to get a safer trade, would be to look for a hedge ;-)
Comment
No reentry yetComment
Still no reentry. We migh not get an reentry, and will have to wait, till Price comes back down, after hitting the TP.Trade active
We had a reentry on this one! This is what I love about this System! You can easily set your order, and then come back a few days later, and observe your profits grow.
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