Hello all - DuncanForex.com here with another trade idea
As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below)
On the monthly chart it printed an amazing pin bar (back in Jan)
It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart)
I think this could head up to 115 level easily on a Fibonacci extension.
I have entered 3 trades at 106.91 area
DuncanForex.com coming soon (about 1 week)
Thanks for looking
Duncan
As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below)
On the monthly chart it printed an amazing pin bar (back in Jan)
It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart)
I think this could head up to 115 level easily on a Fibonacci extension.
I have entered 3 trades at 106.91 area
DuncanForex.com coming soon (about 1 week)
Thanks for looking
Duncan
Trade active:
Comments from Bullard (who is a Dove) said no need for 50 basis points rate cut and USD strengthens immediately - trade live
Trade active:
I have taken a 4th and 5th trade at 107.15 with stops moved to break even for the first three trades at 106.90
Trade active:
hi all, stops for all 5 trades are at 107.30 area
