DislikedI've got a question:
Daily UJ in my opinion shows nice setup short [I don't know those names, but on Friday UJ first broken Thursday high, but then finished day as a bear candle].
Additionally UJ currently jumps around 50% fib [high apr-09 low nov-09]
Is that enough for good setup short?
I have demo-short order @ 92.17 With nice expectation for profit at 91.30 [nice confluence of 61% and recent lows]
Could you please comment on this idea?Ignored
In the longer haul though, JPY is coming back as a funding currency and all the JPY pairs are pushing higher (weak JPY) due to concerns of deflation in Japan.
I realise that the news gives a ballpark idea of the country, then J16 helps with the timing and the setups which are counter to that view. I am asking myself "which of the big boys will bet on this?" since I'm just a minnow trying to hitch a ride with the sharks. =)
One Mind, Any Market