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michael6malone

I am going long to 101.41 with a stop at 100.50.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
michael6malone Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
2
1
2016Sep21 I am going long to 101.41 with a stop at 100.50.

Pairs generally retrace to the 38.20 fib level after a strong move. Having said that, I will be careful to move my stop up for the US rate decision could send the pair down again.

The RSI is low.
Comment:
I have already zero'd out my stop.

I was ahead by more than 10 pips and I am unsure how the pair will be affected by the EIA numbers.
Comment:
I have been stopped out, but I have entered another long position with the same stop and target.

In hindsight I should have simply waited until the EIA numbers had been released.
Comment:
Again I have already zero'd out my stop.
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