Long term trade, but given we have +ve swaps on shorts, this should work out fine.
Chart is self explanatory, combined with RSI divergence. Target of 1.31386 is the minimum objective. Expect a decline further.
Ideal trade plan would be to open 4 positions at entry, targeting 100, 127.2 and 161.8 Fib levels and the final position to be trailed with an open target towards 1.23.
So far
---------------------
Week 2:
Fx: 354Pips profits
Gold: 15 points loss
Week 3:
USDJPY: +290 Pips
AUDUSD: +72 Pips
Week 4/Week 5: None
Week 6: -42 Pips
Chart is self explanatory, combined with RSI divergence. Target of 1.31386 is the minimum objective. Expect a decline further.
Ideal trade plan would be to open 4 positions at entry, targeting 100, 127.2 and 161.8 Fib levels and the final position to be trailed with an open target towards 1.23.
So far
---------------------
Week 2:
Fx: 354Pips profits
Gold: 15 points loss
Week 3:
USDJPY: +290 Pips
AUDUSD: +72 Pips
Week 4/Week 5: None
Week 6: -42 Pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.