Long term pattern is confirming, hundreds of pips lay ahead!
Of course I don't want to be in anything before the US elections, the JPY pairs will probably move a fair bit US election results.
But this is a clean wonderful set up! Here's how I'm planning on trading this.
80.00 was my buy level, it got a bit choppy right there so I stayed out, I want to enter as close to 80.00 as possible after the election.
I'll stay in the trade as long as it stays above the trend line of that falling channel
I'm targeting at least the 38% fib level around 84.00, probably it will move much higher in the long term but that's a great short term target for me.
Questions? Leave a comment below and i'll respond.
But this is a clean wonderful set up! Here's how I'm planning on trading this.
80.00 was my buy level, it got a bit choppy right there so I stayed out, I want to enter as close to 80.00 as possible after the election.
I'll stay in the trade as long as it stays above the trend line of that falling channel
I'm targeting at least the 38% fib level around 84.00, probably it will move much higher in the long term but that's a great short term target for me.
Questions? Leave a comment below and i'll respond.
Jared Johnson
Union Hedge Funds
Union Hedge Funds