USDJPY Hold Your Shorts
Updated
Don't be too eager yet - opportunities aplenty to short this. Only thing is - not yet. Wait for PA to test 116 level first before shorting this pair.
As far as swing trading is concerned - can look for longs on big dips until going short around 124.3 if 116 is broken.
I'd rather miss 'best' entry at the very peak of reversal than taking a loss
As far as swing trading is concerned - can look for longs on big dips until going short around 124.3 if 116 is broken.
I'd rather miss 'best' entry at the very peak of reversal than taking a loss
Note
Can try shorting anywhere above 116.0. Maybe 116.1 ~116.3 for a small retrace to around 114.8 around. If so, safe targets above 115.0Note
Booked short profits @ 114.95 - wait and see for more development. Proby should of moved SL to entry and wait for US open today to if there are any further drops. Starting to see a little more on Trump's presidency style...Trade closed: target reached
Update in new chart as PA is blocked by chart
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