TheLurkingVariable

Gonna go long USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
At the moment, it looks like USD is gonna do okay this week. A little concerned about price formation on the 1h for this chart, but I think the risk-reward ratio is there for the 4h
Comment:
A little worried about the effects of the tariffs China announced on US goods. Trump can always do what he does best, which is say or do something stupid, so he's always a risk in any trade...
Comment:
At the same time, I question how little effect the tariffs should have because obviously we knew they were gonna do that, so unless the tariffs were more aggressive than expected, they shouldn't exactly be market-moving news...
Comment:
So, I got Trump'd here...trading in any market while he and his family are running the country is always risky.
Comment:
However, I feel like selling here would be selling at the bottom, so I'm not prepared to sell yet...
Comment:
Just when I thought I couldn't hate Trump any more than I do, he makes me lose money. That's unforgivable
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.