Long $USDJPY based on over reaction ?

16 déc. 2016

bought this order block at 117.50 . *providing there isnt china/usa confict escalation news* we should see a retrace to 118 level. nothing fundamental or monetary level has changed.

if you want to short.. wait till the 50% fib or pivot level.
Its very likely USD will gap up coming Sunday open.

16 déc. 2016

Note

market closed about where i expected it , around 118.00 depending on your broker.
still long and daily closed above the order and within the previous day/current days range before drop.

18 déc. 2016

Note

hit the 50% and the order block held so far.

19 déc. 2016

Note

i should have waited for that candle to close before posting hte update. current at level where you would expect stop to get swept. will update on the trade

for clarity , i took half off @ .94 on open. if this level holds ill rebuy

19 déc. 2016

Note

UJ continuing on no news , potentially ahead of the BOJ intrest decision tommorw.

for the record here what i did




readded to my full position size at 61 and closed .64