Build long term yen short position
Starting to build a position in USDJPY from today.
Volume on this drop down over the last few days amid the Coronavirus nonsense has been the give away on how to play this massive long term sym triangle.
I like the trade enough to give it a go.
I'm wrong under the 103 area but will average a position in over the next couple of weeks and see how it goes. If the volume patterning plays out then will look to hold right to the top of the triangle over the next few months.
Volume on this drop down over the last few days amid the Coronavirus nonsense has been the give away on how to play this massive long term sym triangle.
I like the trade enough to give it a go.
I'm wrong under the 103 area but will average a position in over the next couple of weeks and see how it goes. If the volume patterning plays out then will look to hold right to the top of the triangle over the next few months.
Comment:
buying here at 105.34