Hey guys,
Heading into Friday’s NFP release, remember we asked how you were playing USD/JPY?
Click the link if you don’t remember, but we had the pair reactivating a higher time frame zone as resistance and acting as a short term retest for a short trade signal.
Here’s an extract:
From here, things get interesting on the intraday charts. Take a look at the hourly:
USD/JPY Hourly
There’s your short term retest!
And this is how it played out from there:
USD/JPY Daily
Did anyone take this and either hold for the weekend, or at least close for the easy 30ish pips on offer?
Enjoy what’s left of your weekend guys. I’m about to head out for a sneaky Sunday Sesh now.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
Great analysis. Please also analyse short term of precious metals, gold and silver weekly trends.
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Send me a DM to @forexbrokr on Twitter and I'll see what I can do.
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Wow, good to see you. Do you trade FX-margin? There is someone interested in ~. If it is 30pips, how is it profit? I don't know where you bought the two-way trading. I wish you had a profit.
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Send @forexbrokr a DM on Twitter and we'll talk about getting you set up to trade forex, if you're keen.
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Good one, but you should have a broker that offers fixed spread to do that, because some others widen the spread till 10 pips during the news.
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The best brokers don't offer fixed spread because that's not a 'real' price. It's a synthetic, broker made market.
Even if your spread widens to 10 pips during the seconds after the release, this entry was hours before and gave you a chance to get out with profit before the weekend.
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