Hi Guys,
I am posting this structure in order to understand if there is an opportunity to trade the continuation of the run into the descending trendline.
If the pair makes such a move, IMHO, Gold may be bearish for a while as the two markets are inversely correlated due to their safehaven status.
To note RSI set at 7 (not 14) in order to follow 17MA inside upper and lower band of the bollinger.
If you have any questions or comment to add please do not hesitate to post it.
For additional infos about USD/JPY please refer to the related ideas linked at the end of this post.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
I am posting this structure in order to understand if there is an opportunity to trade the continuation of the run into the descending trendline.
If the pair makes such a move, IMHO, Gold may be bearish for a while as the two markets are inversely correlated due to their safehaven status.
To note RSI set at 7 (not 14) in order to follow 17MA inside upper and lower band of the bollinger.
If you have any questions or comment to add please do not hesitate to post it.
For additional infos about USD/JPY please refer to the related ideas linked at the end of this post.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Comment:
110 may be next target?
Comment:
