As per last usdjpy post, price formed 5 waves down which signal end of a phase.
Price indeed move up and now formed a more bullish outlook.
Maybe mr market is trapping all those bears and going to hunt their stops, as traders thought shorting usdjpy is easy money for risk aversion(Tariffs war).
Anyway, the move up had given a few hundred pips of profit, closed most and running the rest up, "if it works...lol"
Price indeed move up and now formed a more bullish outlook.
Maybe mr market is trapping all those bears and going to hunt their stops, as traders thought shorting usdjpy is easy money for risk aversion(Tariffs war).
Anyway, the move up had given a few hundred pips of profit, closed most and running the rest up, "if it works...lol"
Trade closed: stop reached
Trade fail, after the break out of the bull flag, price close back below and stop me out.You win some you lose some
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.