Yesterday (Wednesday), BoJ announced it's first intervention to YEN since 2004.
What its mean to us?
as for YEN pair traders, you should now concentrate to BUY signal only.
The intervention may last for several month or several weeks.
You can try to catch the Selling point, but don't put target too big. Scalping with tight stop loss.
As for Trend Traders, you can find BUY signal at fibonacci retracement (61.8 or 50.0) or when you re confident enough to enter the market.
I think, with the intervention, it's time for you to make profit and harvest it at the maximum. But beware, dont get over trade/over volume. Make sure the capital and lots traded is on comfortable level. Get your head level.
May the force be with you.
TAYOR.
Posts
0 comments
Post a Comment