Idea on a chart
Nice trade today pure structure During the trading session on Tuesday, we have seen the Japanese yen strengthen quite sharply in the early hours, only to see a turnaround and give back its gains.
Perhaps this was a run into safety as Vladimir Putin and the Russians announced that they were going to ease the restrictions on using nuclear weapons after Ukraine fired at least six NATO missiles into the deeper parts of the Russian Federation.
That being said, it looks like the market has given this back and I think ultimately you have a scenario where we stay within the range that we have been in.
If you are a short-term trader, this is an excellent opportunity due to the fact that the market is so clearly defined right now in the 250 pip range.
Perhaps this was a run into safety as Vladimir Putin and the Russians announced that they were going to ease the restrictions on using nuclear weapons after Ukraine fired at least six NATO missiles into the deeper parts of the Russian Federation.
That being said, it looks like the market has given this back and I think ultimately you have a scenario where we stay within the range that we have been in.
If you are a short-term trader, this is an excellent opportunity due to the fact that the market is so clearly defined right now in the 250 pip range.
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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.