Potential in Yen Strength - a return to 113, and then manage

22 déc. 2017

This is a long strategy in the Yen. You could see in the chart that the idea was to revert back to the mean in the central band. I typed some more info on the logic behind this trade in the comments section. I am still new to this website so there will be more improvement to come in time.

23 déc. 2017

Note

12-15 pips of progress....Since I generated this first signal the USD/JPY lost roughly 15 pips, and in terms of progress that makes it about 20% of my objective. This pattern is a harami which has a tendency or resolving to the downside so as a swing trade, I am setting this up for a close on possibly Monday morning or Sunday night.