Yen weakness is persistent, proposed long USDJPY

16. Aug. 2023

After 8 trading days of bullish PA, IMO a pullback is due. If this market does pullback to the 144.80 region, I would be interested in taking a long. Seeing some bullish evidence on a lower time frame would be essential.

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What do you think about this trade idea? Please comment and share your thoughts!!

18. Aug. 2023

Anmerkung

PA was bearish as I expected, but we have not yet reached the area where I would be looking for a long. Let's see what next week brings.

23. Aug. 2023

Trade ist aktiv

Price reached my entry point but with some serious bearish momentum. I however have entered long (putting money where my mouth said).
Lets see what happens over the next day or two.

24. Aug. 2023

Trade ist aktiv

This trade has moved nicely (Over 100pips in less than 24 hours). I can see some consolidation starting so will decide if it add more positions or take some profits.

25. Aug. 2023

Trade wurde manuell geschlossen

I have closed the trade at 146.16. Tomorrow is Fri and I will not be able to watch my charts. I am confident that there will be opportunities to re-enter on Sun night/ Monday and participate in further bullish action.