USDJPY - SELL - 75% Lower Probability Estimate for USD/JPY to Move Lower
Given the current strong bearish sentiment on USD and JPY
USD/JPY lower: 70%
Factors Supporting the 70% Probability of a Drop
COT Commercials Traders are what drives the market to a large degree and are usually correct in the Medium to long term.
They are heavily short USD and Closing shorts in JPY.
Reversal signals in JPY suggest commercial traders expect JPY strength ahead.
USD long interest is dropping, meaning fewer buyers to support the pair.
"Leaning now days towards Dollar Cost Averaging as this can be a better strategy if price reverses, as long as you keep the initial entry lot size low compared to your total Account.
Many traders use better Semi automated or Fully Automated management position trading tools these days."
Better than an getting Stopped Out Stop Hunted all the time no matter how good u are unless u have a massive account like the Hedge Funds and have Massive Stops and Take Profits we are the meat in the middle, their lunch, just like the Pacman Video Game we just get munched up.
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