USDJPY - Long coming
COT data (Leveraged Funds) have move positions long in this last week. Asset Managers are still predominantly short. But Daily, Weekly becoming exhausted.
DXY strength down overall, but this would be a pullback in the shorter term.
See Daily & weekly Situations below.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
DXY strength down overall, but this would be a pullback in the shorter term.
See Daily & weekly Situations below.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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Prop firm partners (FTMO)
shorturl.at/hBEQ4