Dear Carry Traders,
We cannot really create and hold the long positions these days. But hey, let’s keep trying. That’s our job.
Looking at the Daily chart, still I believe buying this pair from the current level is not a bad idea.
The price has been supported by MPP & 55EMA. Stochastic really wants to go up from 25%.
So why not? Let’s keep trying.
Below is H4 chart.
Currently the price came down to (almost) the resistance. Looking at Stochastic, the price may drop a bit more?
I think this is a good buying opportunity at 80.25 – 80.50 level.
If we look at M15 chart, it may be making the bottom?
Anyway, where to buy is your alpha (between 80.25 – 80.50).
Hope this setup helps you build your own.
YJ Baik – Forex.Today @ Tokyo