USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.Trade active
Short at 111.353 at double top, stop loss locked in profit, ready to hold this for awhile and build a position. most likely area of pullback would be 109-109.5 range but I am ready to hold for awhile!Trade closed: stop reached
stopped out, will look for another position to enter today if it makes a triple top or breaks out
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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.