USDYEN : STILL ACTIVE

USDYEN TRADE STILL ACTIVE!!!!

We are still holding the USDYEN trade we posted last week & recent development is price consolidating just above the 108.50 near-term support level. Prices must clear the 108.90 resistance in order to activate another leg higher.

Traders make money by sitting , and not by trading (over-trading) & sitting is good when we have absolute stop placement available. Our stop is at the area that if taken , the whole idea of buying will be nullified.

Please check the linked post to see the actual trade idea and the reasons we took it!!!!!

Trade closed: stop reached