USDJPY: Bottom's in...as well
Aggiornato
This is an update to my previous 
USDJPY publications. We are long, after averaging in for 4 days, starting the day of the exact low, with a cost basis of 108.66, holding a 33% account long position.
I think we can resume the rally, and get an uptrend of proportions similar to the one that took place after the presidential election in the US.
I'll be looking to add short term entries, applying multiple trend following proprietary strategies that we use to better leverage trends while they last. If you're already in, try to be patient and hold, after we surpass the red resistance zone we have a lot of upside in this pair.
Good luck!
Ivan Labrie.
USDJPY publications. We are long, after averaging in for 4 days, starting the day of the exact low, with a cost basis of 108.66, holding a 33% account long position.I think we can resume the rally, and get an uptrend of proportions similar to the one that took place after the presidential election in the US.
I'll be looking to add short term entries, applying multiple trend following proprietary strategies that we use to better leverage trends while they last. If you're already in, try to be patient and hold, after we surpass the red resistance zone we have a lot of upside in this pair.
Good luck!
Ivan Labrie.
Nota
After today's close, we have a full 75% retracement of the recent VIX spike, meaning the smart money has absorbed the supply and the market is poised to rally.This range from the low to today's high will be a support zone if retested in the future, after we move higher.
Nota
Notice how the gap 'skipped' the resistance of the red box and now holds above it...Nota
Target was hit.
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