Trade according to your account size (Proper risk management)
Short USDJPY after a correction occurs above the current support.
TP1-107.315
TP2-107.000
*Trade Risk free*
USDJPY appears to be in the midst of a trending market, with a series of higher lows and higher highs. USDJPY has just hit a key resistance level of 109.00 . This level of resistance was confirmed running from May 2019-July2019.
As we usually see in markets, we may see an S/R flip, where this resistance now becomes a new support. The market looks like it has...
TVC:GOLD should trend higher in the coming sessions. As a safe haven just like Yen, there should be some synchrony with the Yen leading.
Read more here: forex.today
After Today's ECB improved GDP forecast and optimism for broad based growth in individual countries, the Euro appreciated as much as 1% right after the announcement. So, this to me means dumping the USD and investing in Gold and Yen. it is for this that I'm bullish on the Japanese Yen and at the same time selling the GBP.
Trade should be as executed as follows for...
