USDJPY: Monthly target pending

23 mag 2016

I'm shorting USDJPY here, aiming to hit the monthly target for May, which sits at 102.51.
If it isn't hit in time, we might see a double bottom type of situation and probably rally during June and the rest of the year.
Let's give it a shot here, risk half on this entry, it's very aggressive but potentially very rewarding.

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24 mag 2016

Trade chiuso manualmente

The inside bar isn't what you want to see, there's momentum in the 1h chart. Nikkei is pulling back up, uncertain at this point. I'd reccomend getting out and waiting.
Market isn't trending clearly at this point, not the time and place to trade.
Standing aside and reducing risk/widening stops is the best way to go if swing trading.