Update to prev post.
Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case.
We can expect price to retest previous all time highs, potentially falling even more.
From an R:R perspective, stacking orders at this level is optimal.
Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case.
We can expect price to retest previous all time highs, potentially falling even more.
From an R:R perspective, stacking orders at this level is optimal.
Comment:
A strong close below 23% would be ideal to start this trade off.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
