FOREXEL

Price always return to its median and its time to be cautious

FX:USDJPY   U.S. Dollar / Japanese Yen
Price always returns to its median as they say and this is a very good example of it.

If you would have called out this short here on TV back in May 15 (which I did) you would have been laughed at and mocked ) it seems I got the last laugh )

Nevertheless, every good trader makes sure he/she has a perspective on things.

Now, this is a very tricky position and to give my 2 cents its is a crappy deal. This since this is an average price. Not too expensive and it is not a sweet cheap deal either.

the only way to trade this one is based upon fundamentals. short term based upon the Brexit etc the Yen can appreciate so much more. But the Japan economy is under severe challenges and the US does better. But will Yellen raise the rates more or?.. To go long on UJ from here we really need to see a strong stock market and track both the DOW and the Nikkei.

Shorter term trades is best traded based upon the monthly upon in IMHO. If you want to learn that simple strategy then just pm me.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out