USDJPY as planned
Updated
Like I explained in my previous video's, don't be scared by a possible sell-off in the Yen pairs (short-term Yen strenght). The structure already showed it would be a correction for ALL Yen crosses. USDJPY is the leader due to the current dollar strength. CADJPY and CHFJPY are catching up as expected. Let's see whether the other Yen pairs do the same.
Safe trades.
Safe trades.
Note
Hi traders, I hope this chart answers some questions. We took profit after the corrective structure and also used the opportunity to short USDJPY. Stop loss is again at break even and now we will determine when this bearish correction is over for another potential buy. In the meantime we will keep our short.If you want my 13 years of professional trading for an investment bank and hedge fund for help you can PM me or directly visit my website and subscribe.
Note
USDJPY update; still holding my shorts.Whether price continues higher or not is not relevant for me now. Short/medium term I see price lower to at least complete the minimum requirements for this short. If it continues higher now I expect it to be short lived.
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