Stop it. Get some Help. Seriously.
Updated
Last week...a Bloomberg reporter said that 
USDJPY is a 'safe haven' for putting your hard earned bucks. Let's face it: you have a rising global trade war, you have NAFTA negotiations, and then you have the inter-political issues best not mentioned; then where would you take shelter? You would need a shoulder to hedge on, and USDJPY just seems perfect.
The BoJ has been quite all the month, until the recent Monetary statement report and the rate decision today came in fresh. To my surprise, this did not take much effect in the market. Poor BoJ.
Let us start with a Cup o' coffee. Put aside the USDJPY. The Cup and handle formed at
USDCAD suggests that a reversal is imminent, although it is yet to take into effect. The Annualized GDP figures are expected to arrive soon, so we may expect some unusual volatility. The Stochastic suggests that we go down for a while.
The recent sentimentals express a strong bearish trend, although I would recommend to hold for a while before the GDP figures are out, taking into account the volatility.
Expect support at :
1.2854 1.2865 1.2871
Resistance at:
1.2882 1.2887 1.2898
( Provided By- DailyFx)
Happy Trading!
USDJPY is a 'safe haven' for putting your hard earned bucks. Let's face it: you have a rising global trade war, you have NAFTA negotiations, and then you have the inter-political issues best not mentioned; then where would you take shelter? You would need a shoulder to hedge on, and USDJPY just seems perfect. The BoJ has been quite all the month, until the recent Monetary statement report and the rate decision today came in fresh. To my surprise, this did not take much effect in the market. Poor BoJ.
Let us start with a Cup o' coffee. Put aside the USDJPY. The Cup and handle formed at
USDCAD suggests that a reversal is imminent, although it is yet to take into effect. The Annualized GDP figures are expected to arrive soon, so we may expect some unusual volatility. The Stochastic suggests that we go down for a while.The recent sentimentals express a strong bearish trend, although I would recommend to hold for a while before the GDP figures are out, taking into account the volatility.
Expect support at :
1.2854 1.2865 1.2871
Resistance at:
1.2882 1.2887 1.2898
( Provided By- DailyFx)
Happy Trading!
Trade active
Shorted USD/CAD.T/P - 1.28573
Risk/Reward ratio: 0.3
Let's see!
Note
Revised T/P - 1.28452Risk/Reward ratio: 0.44
Trade closed: target reached
Yep! Keep following for more!
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