so i went short on usd/jpy 2 days ago cause i noticed a hammer in the daily chart and that it bounced off a fib level. All was fine yesterday, I had 44 pips so i decided to stay on the trade. Also the fact that the rsi shows overbought and the mva's are looking to cross.
but looking at overall of this week's economic indicators, i figure that usd/jpy might rally. and pip daddy's thoughts of a usd/jpy rally seems convincing. hope by the end of today it closes below my sold (114.91) and i just gonna close the trade and take the little profits..if doesn't go below..i don't know if should hold on for the weekend or just close it
What do you guys think?
but looking at overall of this week's economic indicators, i figure that usd/jpy might rally. and pip daddy's thoughts of a usd/jpy rally seems convincing. hope by the end of today it closes below my sold (114.91) and i just gonna close the trade and take the little profits..if doesn't go below..i don't know if should hold on for the weekend or just close it
What do you guys think?
Working towards CME membership