Good morning! We saw USD/JPY spike lower after another earthquake hit Japan yesterday morning. The pair dropped enough to trigger my long trade and then we saw the market rally back higher within the same hour. As the weekend was quickly coming to a close, I decided to close my trade to avoid weekend risk.
Closed manually at 85.25
Total: +55 pips/ +0.61% gain
So, a nice and quick swing trade for the week. The pair is dipping lower as we approach the end of the European trading session, so that'll be it for me this week. But I will keep a watch on USD/JPY and if it breaks higher next week, or finds support in the same area, look out for me to jump in this bad boy long again. Until then, thanks for checking out my blog and have a great weekend!
Trade Idea: 2011-04-06 3:42 ET
The Japanese Yen has been getting beat like as rented mule on sentiment it'll be the last to exit out of stimulus. With divergence signals indicating a pullback may be around the corner, will there be another chance to jump in the trend?
Closed manually at 85.25
Total: +55 pips/ +0.61% gain
So, a nice and quick swing trade for the week. The pair is dipping lower as we approach the end of the European trading session, so that'll be it for me this week. But I will keep a watch on USD/JPY and if it breaks higher next week, or finds support in the same area, look out for me to jump in this bad boy long again. Until then, thanks for checking out my blog and have a great weekend!
Trade Idea: 2011-04-06 3:42 ET
The Japanese Yen has been getting beat like as rented mule on sentiment it'll be the last to exit out of stimulus. With divergence signals indicating a pullback may be around the corner, will there be another chance to jump in the trend?
No comments:
Post a Comment