So USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario. Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600 Time duration of the trade I would expect to be no longer than two weeks at most....
We all would love to be able to call the top. I have been burnt to the tune of 25k or so the last few days trying to short a "top". Fact is after much further chatting and some back to basics trend analysis over the Long Mid and Short term as of right here and now today the signals are strong bullish and for LONG. So that is what I am doing. Hoping for this...
So many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs. My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever...