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









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