USDJPY: Weekly uptrend fired
This is an update to my previous publication. We now have full confirmation of a weekly uptrend aiming for 110.141 by December 23rd or sooner.
If not long you can buy new daily lows, or dips to 102.8 after this week's close. Jumping in now, is not bad, but not optimal.
This uptrend probably implies that the smart money is getting into new leveraged positions for the last quarter of the year, largely bullish for equities, so, we might return to Yen, Bonds and Gold being opposite to S&P500 again in this risk on rally.
Good luck,
Ivan Labrie.
If not long you can buy new daily lows, or dips to 102.8 after this week's close. Jumping in now, is not bad, but not optimal.
This uptrend probably implies that the smart money is getting into new leveraged positions for the last quarter of the year, largely bullish for equities, so, we might return to Yen, Bonds and Gold being opposite to S&P500 again in this risk on rally.
Good luck,
Ivan Labrie.
Operación activa:
Now is when you add.
Comentarios:
Add to USDJPY longs again if we break above Friday's high:
Entry: 104.023, stop 102.126, target for all 110.141, risk 0.5% on it.
Comentarios:
(the add on trade already in good profit from entry)
Operación cerrada manualmente:
I'm out for now.
Comentarios:
I got back in using a tight stop today, entry: 103.86, stop 103.59.
Comentarios:
Comentarios:
I banked short term longs before this drop, I held my long term entries, and bought yet more long term positions a day ago and the day before.
Buying gradually on each daily dip.
Buying gradually on each daily dip.
If someone did, in profit already.