Majority of the JPY pairs have drastically gone down today except for USDJPY. It has held its price level very well. The weekly Ichimoku is ideal for a bullish trade. Therefore, we are going to look at the daily timeframe for a trade setup. The daily is already bullish. Some traders may choose to enter now. Others, may wait for a breakout trader so momentum is on the side of the trade. Either way, there is no right or wrong. You should choose to do what suits your personality. For educational purpose, we are going to enter the trade now.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose