I have not traded the USDJPY in some time. I failed to recognize the contracting pennant that I love so much
until too late. Though in theory 136 is the target it is HIGHLY overbought. That said I do not recommend
trading this until it sets up a strong sell signal. This has been one of my few mistakes. I did make good
pips out of it but that breakout...damn. I should have seen it. My bad.
until too late. Though in theory 136 is the target it is HIGHLY overbought. That said I do not recommend
trading this until it sets up a strong sell signal. This has been one of my few mistakes. I did make good
pips out of it but that breakout...damn. I should have seen it. My bad.