Not oversold, not a buy signal yet
Updated
We are still bearish on this pair. On Wednesday Jerome Powell is expected to raise the interest rate in his first FED meeting. It will be hard for this pair to climb significantly. We are opening a long position here with low leverage. Next resistance at 106.4, 106.7 and 107.2
Trade closed manually
JPY still strong, not a good time to go long.Trade closed manually
I left a position active that closed itself at +10.09%, not bad.Trade closed manually
Short position closed at +3.08%
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.