JPY has been bearish significantly in the past few days, pushing prices across all pairs. Could JPY start to reverse? Well I hope so, and I picked up this EJ in specific as I like the price action I see. All are explained on the chart.
Trade active:
Trade is working, but bears are facing resistance from bulls. Expect some momentum by Monday. Will take some profit at 1:2 and put my SL at BE.
Trade active:
Price is still on a downtrend forming a flag pattern which worries me as it is a retracement pattern and could trigger a bullish breakout. Will be observing the price action at the London session open to decide what to do with this trade.
Trade active:
Still holding to the position. Could extend towards the end of this trading week.
Trade closed manually:
Closed the trade at 1:1 Profit as the bears momentum was not strong enough to take the bulls. JPY is still a safe haven, and the current financial outlook is optimistic, hence JPY is still weak!