We expect a JPY tumble. 100 against dollar is a warning alert, so we think that is time for open a multi week long position on USD/JPY. We suggest this kind of position, with max loss risk around 35%:
- Cross: USD/JPY
- Trade: Long
- Leverage: 25x
- Entry Price: 100,05 (market price)
- Stop Loss: 98,60
- Take profit: 104.25
- Cross: USD/JPY
- Trade: Long
- Leverage: 25x
- Entry Price: 100,05 (market price)
- Stop Loss: 98,60
- Take profit: 104.25
If someone is long yet, please close this position. 300 pips was made
Now i suggest this 2 days trade (to close before US NFP on friday), with a TP near 80-100 pips - Risk near 20% loss:
- Cross: Eur\USD
- Trade: Long
- Leverage: 50x
- Entry Price: 1.1145 (market price)
- Stop Loss: 1.1095
- Take profit: 1.1220
Enjoy