Yen weakness is persistent, proposed long USDJPY

After 8 trading days of bullish PA, IMO a pullback is due. If this market does pullback to the 144.80 region, I would be interested in taking a long. Seeing some bullish evidence on a lower time frame would be essential.

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What do you think about this trade idea? Please comment and share your thoughts!!

Kommentera:

PA was bearish as I expected, but we have not yet reached the area where I would be looking for a long. Let's see what next week brings.

Handel aktiv:

Price reached my entry point but with some serious bearish momentum. I however have entered long (putting money where my mouth said).
Lets see what happens over the next day or two.

Handel aktiv:

This trade has moved nicely (Over 100pips in less than 24 hours). I can see some consolidation starting so will decide if it add more positions or take some profits.

Trade stängt manuellt:

I have closed the trade at 146.16. Tomorrow is Fri and I will not be able to watch my charts. I am confident that there will be opportunities to re-enter on Sun night/ Monday and participate in further bullish action.