A great opportunity to go Long USDJPY
USDJPY Long
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Target removed for now. I expect a lot more :)
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Reasons for removing PT : 1) completion of inverted H&S on Nikkei. As you know YEN and Nikkei usually moving against each other. Now Nikkei heading up means we have cheaper YEN which is good for our UJ long trade. Right? see the chart below
2) See the false breakout of the lows folowed by break of the other side of the key resistance level. Good for UJ Long trade. Right?
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Nice breakout of the H and S on Yen futures too. Cheaper Yen is what we need for our UJ long trade. Right?
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According to this post, target filled but as mentioned yesterday I removed the PT. Target moon lol
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You know I did not exit UJ. Such a huge momentum for Nikkei that even did not retest the Neckline. Weak YEN and of course with stronger Dollar UJ is a big bull
