Hi Senejani, Im a newbie to forex trading. Are you short most currencies against JPY due to macro? All seem to be rallying with no opportunity for short trade
AlanTradesFX
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@gr82buy, Hi. I look at patterns on bigger time frame to show me the direction of the market in the longer term. At the moment I am bearish on AUDJPY, EURJPY, USDJPY, GBPJPY and CHFJPY as they all show a similar bearish pattern. I hope this information helps you.
gr82buy
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@senejani.ali, Thanks, I am of the similar view & took short positions on on above pairs. Caught out on the recent rally in AUD but happy about your confirmation on the long term bearish pattern.
AlanTradesFX
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@gr82buy, Yes, you need to give enough room to your trade to play out as we are looking at longer term setup which takes days to weeks to complete.