Good day traders, this is Rogue_Trader007. I spotted a strong early entry on this pair and it looks very lucrative to jump on.
The two hidden divergence shows that the bulls are going strong on the long run. Candle stick before the entry point shows a bullish engulfment while sitting on the 78.6 fibonacci level, which is a strong confirmation of our entry point.
TP: @ 1.272 fib level.
Advantage of taking this position: you will get positive SWAP (adding to your profit) because USA has high interest rate than Japan.
Disadvantage: You might have to wait couple of weeks but it pays good at the end.
Remember: Patience is key
The two hidden divergence shows that the bulls are going strong on the long run. Candle stick before the entry point shows a bullish engulfment while sitting on the 78.6 fibonacci level, which is a strong confirmation of our entry point.
TP: @ 1.272 fib level.
Advantage of taking this position: you will get positive SWAP (adding to your profit) because USA has high interest rate than Japan.
Disadvantage: You might have to wait couple of weeks but it pays good at the end.
Remember: Patience is key
Trade closed: stop reached:
Stop Loss HIT!!!