UPDATE ON USD/JPY LONGS
USD/JPY 30M - As you can see the longs that took place in this market yesterday played out really well, anyone who got involved when I gave the suggestion to look for longs would have profited very nicely.
We have seen since that due to fundamentals price has pulled back down setting a new low, this I feel will be short lived and we should see price correct itself and begin to trade us higher once again.
The trade from yesterday ran + 223 pips. (+ 10%) 10RR
As I say a big well done to anyone who got involved in this market, I am sure that you all would have and should have taken partials throughout the trade and applied safety measures like SL moves.
A big well done to anyone involved in the market, if you have any questions with regards to the analysis or the trade itself then please drop me a message or comment below and I will get back to you as soon as possible.
We have seen since that due to fundamentals price has pulled back down setting a new low, this I feel will be short lived and we should see price correct itself and begin to trade us higher once again.
The trade from yesterday ran + 223 pips. (+ 10%) 10RR
As I say a big well done to anyone who got involved in this market, I am sure that you all would have and should have taken partials throughout the trade and applied safety measures like SL moves.
A big well done to anyone involved in the market, if you have any questions with regards to the analysis or the trade itself then please drop me a message or comment below and I will get back to you as soon as possible.
Related publications
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.