How Low will Yen Go?
Good Morning Dynamic Traders!
The USDJPY has observed the analysis of the 14th October making a significant downward move.
The "price" support at 100 is still unsettling the trend, but this may be a temporary setback.
For those Dynamic Traders who employ the BB strategy, another chance to ride the wave is on the horizon.... indeed this may a good "scaling in" opportunity too.
Remember the confluence of events.
Be warned - profits may be sweet, but are only secure through the practice of effective trade and risk management.
Below is the 4 hour chart demonstrating the decline.
USDJPY 4 hour chart Advanced Get
The USDJPY has observed the analysis of the 14th October making a significant downward move.
The "price" support at 100 is still unsettling the trend, but this may be a temporary setback.
For those Dynamic Traders who employ the BB strategy, another chance to ride the wave is on the horizon.... indeed this may a good "scaling in" opportunity too.
Remember the confluence of events.
Be warned - profits may be sweet, but are only secure through the practice of effective trade and risk management.
Below is the 4 hour chart demonstrating the decline.
USDJPY 4 hour chart Advanced Get
Happy Trading!
Saba Jackson
Labels: usdjpy
posted by Saba Jackson @ 7:39 AM
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