GOLD: is USD/JPY anticipating a gold's move?
Updated
Hi Guys,
if an inverse correlation between Gold and USD/JPY exists, how does it work?
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
if an inverse correlation between Gold and USD/JPY exists, how does it work?
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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17 ticks x 1 contract = 170$ Profit vs 100$ LossThis could be a set up. SL seems tight but could be reduced further since momentum is the key. In theory I want to enter when momentum kicks in. If momentum is lost the rebound will trigger the SL anyway and this is why SL can be reduced at 5 ticks instead of 10. The move must occur quickly.
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Trade closed: target reached
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