DOLLAR YEN CHANGE OF TREND @ TOP OF THE RANGE FOR GREAT R:R!
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's
and with FED hinting less rate cuts than expected I am ready to sell.
The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema.
Not much else to do with this trade. I fib'd the move and the support now resistance marks exactly where I will
enter which is in the crucial 50- 618 fib zone. Putting stops above the high for an INCREDIBLE risk reward trade
Aiming TP1 at 106.70 area. Will watch for more trade war risk or brexit risk if I should stay longer.
Happy Hunting Happy Trapping
This should be an easy one..... hopefully :)
BooBii
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