Nice long opportunity off support for a more than 2 to 1 risk to reward ratio.
DOLLAR IS OVER EXTENDED ACROSS ALL MAJOR. THIS WOULD BE A GOOD TIME TO BUY.
THIS IS FOR LONG TERM TRADERS. THE CHARTS NEVER LIE! AND THEY ARE TELLING ME EURJPY IS HEADED FOR A 800 PIPS SELL OFF OVER THE COMING WEEKS. SN
I SEE THE DOLLAR STRENGTHENING FOR NEXT WEEK AND POSSIBLY FOR TWO WEEKS. SO THIS IS A LONG TERM TRADE. BUY AND SIT TIGHT WITH THE RIGHT MONEY MANAGEMENT OF COURSE. -SN
long term trade
This trade has a lot of downside potential since the dollar is over extended by a huge margin across various asset classes.
Once price breaks the channel to the upside look to short with the above stop loss and tp level. TP 1 is at 1.2465 tp 2 is 1.2412