Initial target zone hit for 300 pips. Now what?

1 Hour

This is not a post to sell U/J !! It is a post to point out and consider respect for the M-PP and weekly pivot profit zone. Take some profit, let it retrace, & look for another buy down at support role reversal zone. Another idea is to leave a trade open for 1-2 months if priced in as plan noted and move stop to hero or zero. With NFP coming Friday price could get range-bound in this zone as well so it could be a range trade opportunity. Watch for other JPY pairs to correlate as well. Lets see how it plays.

2 thoughts on “U/J Update”

  1. Zelda says:

    Thank you for posting James.

  2. Miles says:

    Yep, now what? It just keeps on going up and up without much of a retracement! 🙂

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