Get Your Chop Sticks Ready

Everyone has been trying to catch daggers as the USDJPY has been falling. Looking at the Daily and Weekly charts I see it may be time for a few days of LONG positions with another push down to the 0.618 Fib level from the last climb on the Weekly chart.

After hitting the 0.618 Fib line I will take another look at going long if it seems we have hit a bottom and possibly some fundamental news has assisted in a weaker Yen.

交易進行

Entry @ 100.73
TP @ 103.20
SL @ 100.28 (The Low of today's daily candle)

交易進行

Moved SL down @ 100.05

I shouldn't have opened the trade early on the open of the week.

交易結束：達到停損點

Well finally got stopped out yesterday, but just because my entry was too soon doesn't make me think we are nearing a bottom. I will be keeping my eye on the daily chart for USDJPY.

交易結束：目標達成

Well the initial trade idea completed and closed at 103.50 limit.

I actually have an open position still open that got opened on a buy order I had set on a break of the 4 hour Donchian Channel at 100.70. I haven't closed it out yet, but have put a SL at 102.75.

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手動結束交易

Closed LONG at 103.30.

Profit +260 pips!

I've opened a small short but will create a new idea for the short later.