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....
A nice profitable LONG short term set of scalps now accomplished, it's time to start shorting the bitch.
End of the day with a daily range of nasty events and a growing instability for commerce, international relations, migration and future trade deals it's very simple to my eyes that we will be falling off further until we see some monster changes.
Don't lose out, don't try to get too clever.
The direction right now is DOWN to fill the void of the recent spike.
Will the UK stay or leave? Don't know, don't actually care.
All that matters is that we monitor and FOLLOW the patterns of price.
Should the UK remain hit the reverse upward trend as of tomorrow when the referendum is done.
Should the UK leave keep...
Does it get any better than trading on EURUSD on the NFP Friday?
With such strength within the US market and such instability within the European sector we strongly recommend you get in on this action today.
Short term signals are very SHORT based. Everything long term from end of day and end of month is all LONG.
Get in touch for more banter!