As A Neutral Trader, What Would I Do For USDJPY?
This USDJPY rally has been incredible. Thousand pips since March 2022. Anyway if I have NO position and what would I do this market?
1. If the market keeps rallying I would try to short whenever market near the upper chanel of my paralel trend chanel.
2. Let's say the market reverse downward I am going to look for confirmation to enter sell.
Personally the rally has been huge so I will not prefer to buy. Just wait for the right moment to sell either whenever market up near the upper chanel of my paralel chanel or if the market comes down I will wait for the confirmation to enter short USDJPY.
1. If the market keeps rallying I would try to short whenever market near the upper chanel of my paralel trend chanel.
2. Let's say the market reverse downward I am going to look for confirmation to enter sell.
Personally the rally has been huge so I will not prefer to buy. Just wait for the right moment to sell either whenever market up near the upper chanel of my paralel chanel or if the market comes down I will wait for the confirmation to enter short USDJPY.
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