It’s unfortunate that we’ve been so patient these days, only to now find the odd “profitable trade” finding itself slightly “back in the red” – with the huge ramp up in both The Nikkei as well SP 500 ( our risk barometers ) on absolutely no news “if not” bad news.
So is forex.
The great news however is…..we’ve “still” not missed a thing! and for those who’ve been slightly “wary” of the current trade environment ( wonderful…as you well should be ) a number of trade opportunities are not only “very much in play” but perhaps even “better looking” than some days or even weeks ago.
Let’s take a quick recap.
Short AUD/JPY here “again” at 95.00 or ( as I often suggest ) several pips lower and allow the market “momentum” come to you.
Re short GBP/JPY here at 171.80 area is the exact same entry we took some days ago then banked 200 pips on it! Exact same thing – right here right now.
With over 900 pips banked in the last 30 days, this is setting up pretty sweet for a complete and total “re run” as markets continue to hang at all time highs.
We’ve got piles of trades in the works now, with the “near to medium term analysis” in the bag.
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