If the BOJ meeting delivers some unexpected results and causes a surge in JPY, then I am looking yo buy off of this fundamental release. This buy is however still valid even the surge does not occur and markets remain stable. Only giving this as a hypothetical situation based off of the previous reactive behavior of JPY to the BOJ releases. Always prepare for the unexpected and arrive with a plan.
I will be willing to long around 600 pips below the current spot price. My entry is 188.50.
SL is 60 pips
TP is open
Confluences:
BOJ Meeting
KL
Trendline 3rd touch
D200MA
Catch you later traders ▲
I will be willing to long around 600 pips below the current spot price. My entry is 188.50.
SL is 60 pips
TP is open
Confluences:
BOJ Meeting
KL
Trendline 3rd touch
D200MA
Catch you later traders ▲
Comment:
No big moves happened overnight indicating an uneventful BOJ meeting. Will be uploading some more trade ideas for the week with this in mind.
Comment:
Spot price of interest updated to 185.320