I'm opening Long position on USD/JPY for 5 trading days. If none of the targets hit by friday end of the play, I will close the trade
Entry: 121.41
TP: 122
SL: 120.95
with a lot of volatility coming in this week, I expect this pair to jump a lot more than my TP, but to stay conservative, I chose 122 as this is strong psychological level, and worked well in the past.
Wed 28/10 - Japan Industrial Production numbers are being released, forecasted -0.5%, this might distrubt my plan, but let's wait and see
Thur 29/10 - Japan Jobless Rate, forecasted 3.6%, also Monetary Policy statement will be released this day
Interesting week ahead!
Entry: 121.41
TP: 122
SL: 120.95
with a lot of volatility coming in this week, I expect this pair to jump a lot more than my TP, but to stay conservative, I chose 122 as this is strong psychological level, and worked well in the past.
Wed 28/10 - Japan Industrial Production numbers are being released, forecasted -0.5%, this might distrubt my plan, but let's wait and see
Thur 29/10 - Japan Jobless Rate, forecasted 3.6%, also Monetary Policy statement will be released this day
Interesting week ahead!