We may have seen a low volume spring on the USDJPY today too.
If you had the capital and the tolerance for holding risk over the weekend, this may be the trade for you.
However, if this is an accumulation phase, this is the start of a new bull leg higher. So buying pullbacks will be the way to get in on the action next week.
Patience is a virtue and initializing a trade this late on a Friday is never a way to have a peaceful weekend. Better to come in next week and identify a rising trend.
If you had the capital and the tolerance for holding risk over the weekend, this may be the trade for you.
However, if this is an accumulation phase, this is the start of a new bull leg higher. So buying pullbacks will be the way to get in on the action next week.
Patience is a virtue and initializing a trade this late on a Friday is never a way to have a peaceful weekend. Better to come in next week and identify a rising trend.
Comment:
That idea did not work.
Trade closed: stop reached
