Dear Carry traders,
How many Long trades with Stops being at Even, do you have now?
I have one at 80.37.
Let’s try to add some more.
Below is the Hourly chart.
Fib 38.2% level seems to be a steady support which happens to be WPP & Role-Reversal area.
Thus I am expecting to buy this pair if the price comes down to 80.45 ish. Or… you should check the price action on smaller timeframe, and you can buy this pair if you identify the reversal up move, even if the price doesn’t come down to 80.45.
The target? Make the Stop to even. That’s it. The stop should be 80.60.
YJ Baik – Forex.Today @ Tokyo