Yen To Strengthen - BOJ to intervene!
Hi Traders,
After today's strong comments from BOJ, it seems that they will not let dollar strengthen against the Yen much further, therefore the safest trade is to the downside. This will be a grinding trade that may take a few days to a week due to overall dollar persistent strength on the market.
We have seen a run up top today with a very strong rejections, so there are a lot of sell stops sitting in front of that 141 number, should that break prepare the pair to go up to 142 in a very quick fashion
If you are interested in supply box & day trading master class, reach out to me directly via DM's, winning rate this is currently sitting at 78.9%.
After today's strong comments from BOJ, it seems that they will not let dollar strengthen against the Yen much further, therefore the safest trade is to the downside. This will be a grinding trade that may take a few days to a week due to overall dollar persistent strength on the market.
We have seen a run up top today with a very strong rejections, so there are a lot of sell stops sitting in front of that 141 number, should that break prepare the pair to go up to 142 in a very quick fashion
If you are interested in supply box & day trading master class, reach out to me directly via DM's, winning rate this is currently sitting at 78.9%.
Transaction en cours:
Another trade perfectly executed, as soon as I saw the reaction from the supply box shorted and took partial TP's main TP is the next supply box
Trade fermée: cible de profit atteinte:
Target reached, another winner added to the portfolio, looking at potential reloads for short.
Commentaire:
Beautiful reaction from the supply zones, waiting for a 50% fib retracement to reshort the pair, it seems that this pair will consolidate prior to nfp.
Commentaire:
Another short was taken at the supply zone and profits taken again as it's potentially making a double bottom. Great trades for today.