Expect some retrace, hmm. The FED, Trump talks down, well low and be hold the FED will maintain its mandate to ensure their ONLR remains above 3 month Treasuries. On Wednesday last week treasuries hit a 10 year high @ 2.048 and since then have retreated .069 points sitting at 1.979 not a huge retrace. Where as we all seen the drop in UJ (and hopefully caught the drop). Some who predict many pips away aren't looking at the LTF, they look daily weekly etc. 15 min, hourly at trader should watch, catch these moves, he will no problem, hmmm.
Been in the game a long time and its time to share some Trades. Great Swing Trade Long right now on USD/JPY. its a Triangle breakout 61.8 fibb confluence with a few other Levels I have. Taken 3 positions at 111.47, but entries are still live untill 111.00. its now at 111.54. at time of writing this. still time to long it. Stop is 110.66. 1st Target 112.10. 2nd 112.70. 3rd 114.50. this could take a week or 2 to get to 3rd Target. If and when the 2nd Target gets hit, i will update.
