I believe the BOJ conducted its second FX intervention yesterday. As the market retested the sell zone, I shorted this pair and placed Stops at 156.82, which is a good 58 pips of initial risk.
Once the market reaches 155.78, I'll shift my stops to the entry-level. This would prevent any losses incurred by hectic volatile movement.
If all goes well, my 1st target would be at 154.85 and I'll keep my second target open.
What are your thoughts on this?
Once the market reaches 155.78, I'll shift my stops to the entry-level. This would prevent any losses incurred by hectic volatile movement.
If all goes well, my 1st target would be at 154.85 and I'll keep my second target open.
What are your thoughts on this?
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🏦 Qualify Junior Analyst within 90days
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Get into our 15mins workday community
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.