Oct 1st, 2020 we learned that a lot of the JPY trades correlate on the 4 hour time frame primarily. This morning (Oct 8th @9:32 am) price was testing the yellow EMA line on the ichimoku cloud. We set up our FIB for confirmation and saw that price was sitting on the 23% retracement level.
Trade active:
Oct 9th @9:28 EST we are currently in profit 77 pips on our best entry, and 45 pips on our previous entry. We expect price to continue to buy longterm.
Comment:
Closed one position for a profit of 26 pips as I saw price about to retrace. Still holding one positions that is currently 50 pips in profit.
Trade closed manually:
Closed my last position for a profit of 40 pips.
Pirce may simply be testing the cloud or it may reverse, let's see.
Pirce may simply be testing the cloud or it may reverse, let's see.