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USDJPY : Risk-On/Off, Or Stop-hunt formation?
U.S. Dollar / Japanese Yen
Short
USDJPY : Risk-On/Off, Or Stop-hunt formation?
By Trader_AndyNg
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Updated
Jan 29, 2020
9
Jan 29, 2020
At this moment, Risk-off for coronavirus seem abit calm and improved.
FOMC later and unchange rate which may cause USD strong.
Wish there is stop-hunt formation may apply.
And, there is only short-term trade before FOMC speech and interest rate decision.
Jan 29, 2020
Trade closed manually
Stop-hunt dynamic broken
BE trade as possible
Jan 29, 2020
Trade closed manually
Although volatility came lately, I don't admire this is valid stop-hunt formation anymore.
By the way, 1st profit taking and stop trailing as BE.
Let it tick to my 2nd TP and 3rd TP since BE protect my capital.
Keep eyes on FOMC and Interest rate decision later.
Reuter poll rate unchange which may cause stronger USD.
Beyond Technical Analysis
USDJPY
Trader_AndyNg
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