Epitome of swing trading
The USD/JPY currency pair has been on a strong uptrend for the last couple of years. Current interest rates in the US are around 5% and in Japan they’re still negative. This provides a great opportunity for a positive swap trade as you’ll get paid every day just for holding the position. Price last week went below the inside bar and trapped a lot of shorts in the market and in the next coming weeks will force them to exit at a loss if price goes above the prior weekly candle. Pure price action analysis using trend, highs and lows, and price action patterns while using the 20 EMA just as a guide to help find the end of pullbacks. Target isn’t fully set I just used 1000 pips as optimistic final price but the SL is set at 300 pips. Don’t risk more than what you’re willing to lose. Let’s see how US policy will affect these two countries exchange rates.
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