USD/JPY Slowly But Surely Heading North
UJ has been in a nice uptrend for some time; although this is a weak bearish t/k crossover, price is slowly returning. I'm looking to take profit to the cloud, reset the SL, and watch for the breakthrough or rejection.
* Update on UJ; the trade was working out exactly as predicted and it was up 22 pips from posting...until...the Japanese made an unannounced BOJ rate change. Once that happened, the UJ took a nose dive. I sincerely hope anyone who followed this idea used a sensible stop loss; mine kicked in around -48 pips.
To say I wasn't too happy about what happened would be an understatement.
* Update on UJ; the trade was working out exactly as predicted and it was up 22 pips from posting...until...the Japanese made an unannounced BOJ rate change. Once that happened, the UJ took a nose dive. I sincerely hope anyone who followed this idea used a sensible stop loss; mine kicked in around -48 pips.
To say I wasn't too happy about what happened would be an understatement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.