IvanLabrie

USDJPY: Time to fade the yen here

Long
IvanLabrie Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
We can look to enter longs against the Yen (pick your favorite cross pair). I suppose we'll see a wave of leveraging, as equities rally with the oil spark and Fed inaction until year end.

Good luck!

Ivan Labrie.
Comment:
We broke the Jackson Hole resistance, need to go over 101.61 asap.
Trade closed manually:
The BOJ resistance held. I closed at 101.485 for now.
Trade active:
Broke the resistance strongly, we can reenter longs with stops under today's low.
Comment:
Nice move, first trade here was good before we got out, and the reentry is in profit now too. Hold!
Comment:
Breaking Sept. 21st high, we could see 110 hit.
Comment:
Closed half of the long here:

Comment:
Moved stop to entry price. Forget this trade exists gentlemen.
Comment:
I'm buying gradually on dips to add.
Keep a wide stop, 260-300 pips and risk a total of 2%.

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