News events for the day that could affect this trade
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. (JPY) Industrial Production
. (USD) Retail Sales
One thought on “USDJPY Daily Sell Setup – 14th March 2017”
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News events for the day that could affect this trade
=====
. (JPY) Industrial Production
. (USD) Retail Sales
You must be logged in to post a comment.
Trade plan makes perfect sense – my only caution is being a bear on the USD ahead of a rate hike with fundamentals telling us that they are going to hike. In the event that the outcome of the FOMC announcement was bearish for the USD I would look to short this after the fact. Also I would have mentioned the FOMC rate decision in the news and maybe given reference to the Fed watch tool indicating a 95.2% chance of a hike as a caution to bears front running this.