USDJPY - It's All About Risk-Return! Mid To Long-Term Reversal?
Hi Traders. I've been updating USDJPY here consecutively for many days since last week, mainly because I do picture some potential here in terms of Risk-to-Reward.
There are lots of times where I remind all of you to follow the trend, but there are also times where I alert myself not to jump into the 'hype'
USDJPY is definitely looking extremely over-stretched, would it continue to rally? Ofcourse it is possible.
If not, when will it reverse? I personally think, it could be coming soon.
This is why last time I've personally taken a few short trades on USDJPY, most of them were more like a quick in-and-out position as the longer term Bearish reversal hasn't confirmed yet.
Coming this week, I will also be looking for some short-term selling opportunities.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
There are lots of times where I remind all of you to follow the trend, but there are also times where I alert myself not to jump into the 'hype'
USDJPY is definitely looking extremely over-stretched, would it continue to rally? Ofcourse it is possible.
If not, when will it reverse? I personally think, it could be coming soon.
This is why last time I've personally taken a few short trades on USDJPY, most of them were more like a quick in-and-out position as the longer term Bearish reversal hasn't confirmed yet.
Coming this week, I will also be looking for some short-term selling opportunities.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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