Hello Traders, I took losses on UsdJpy and CadJpy trade setups I shared. Well, the lesson to learn is “The trend is your friend”. My setup was against the bullish trend. CadJpy moved 200pips already. That’s gone, let’s focus on the future. UsdChf and UsdJpy currencies are setting up nicely. Enjoy!!!
Price has broken the consolidation zones and the trend is up. Traders should be looking for long opportunities. I will be trading this pair in my private trading floor. Contact me here.
This pair looks interesting. I went short today but price took my stops. I asked, where could sellers come into the markets again? Retracements zone. Looks like price is approaching those zones. UsdChf should be on your watchlists.