USDJPY Long after retracement to FIB level.
Updated
After a short holiday and the fuss of the US elections and the FED decision I started looking for positions. I just entered at market buying the USDJPY at 152.68 SL 151.50 and TP 155.50.
There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ
The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea.
P.S. I shall decide later today whether to hold this trade open over the weekend.
P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD.
There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ
The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea.
P.S. I shall decide later today whether to hold this trade open over the weekend.
P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD.
Trade closed manually
Seven hours to go before trading ends and then its the weekend. I see nothing supporting the USD before then so I will quit my trade at break even. I will review next Monday noting we have CPI date to be release in the US next Wednesday.
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