$YEN - Where to next?
Well, we are coming into the end of yr but we still have opportunities we could get. Now be careful we will get end of year moves, portfolio adjustment etc.
However, the way I trade I look at key support & resistance levels we have a very important zone of support: 136 half - 135 now break below that - BEARS come out shorter term. BUT If price stays above, I think we have a good chance those bulls are still in control and we are going back towards 140 areas easily.
Now that's my plan minus risk and how I will take my profits - But it's a plan. What's going to be your trade plan for $YEN?
Data wise: PMIs
Have a great weekend,
Trade Journal
Well, we are coming into the end of yr but we still have opportunities we could get. Now be careful we will get end of year moves, portfolio adjustment etc.
However, the way I trade I look at key support & resistance levels we have a very important zone of support: 136 half - 135 now break below that - BEARS come out shorter term. BUT If price stays above, I think we have a good chance those bulls are still in control and we are going back towards 140 areas easily.
Now that's my plan minus risk and how I will take my profits - But it's a plan. What's going to be your trade plan for $YEN?
Data wise: PMIs
Have a great weekend,
Trade Journal
Comment:
I'd be careful due to BOJ - I have no positions as it's a coin flip.