USDJPY: Short now, abysmal targets
Updated
I think it's worth it to try a short trade here, aiming to capture the following targets:
Target #1: 116.39
Target #2: 112.95
Target #3: 102.48 (monthly uptrend mode from 2011 to date)
Market sell at the open, place stops for each position at 123.96, and hold the trade until the end of November.
If we don't hit target #2 by then or earlier, and we're not stopped, it might be safer to get out.
Check out Tim West's "Key Hidden Levels Chatroom for more insights on the stocks , bonds, metals, currencies and Bitcoin markets. I'm currently managing a private trading room for Forex , CFD and Bitcoin futures traders.
Contact me for more details on how to join either of the two.
Regards,
Ivan Labrie
Target #1: 116.39
Target #2: 112.95
Target #3: 102.48 (monthly uptrend mode from 2011 to date)
Market sell at the open, place stops for each position at 123.96, and hold the trade until the end of November.
If we don't hit target #2 by then or earlier, and we're not stopped, it might be safer to get out.
Check out Tim West's "Key Hidden Levels Chatroom for more insights on the stocks , bonds, metals, currencies and Bitcoin markets. I'm currently managing a private trading room for Forex , CFD and Bitcoin futures traders.
Contact me for more details on how to join either of the two.
Regards,
Ivan Labrie
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