Trade Strategy for YEN Pairs (Jan 12)

12 January 2016, 08:50
Lahcene Ouled Moussa
0
57
  • YEN continues to be stronger.

    USDJPY, EURJPY & GBPJPY have touched Monthly Reversal Pivots already (MM1 or MS2).

    What can we do now?  

    If you want to swing, it is too late to short.   But can you buy now?  I don’t think so.

    Thus all you can do with YEN pairs is

    a) to scalp
    b) wait until
    b-1) the price comes up to the next sell zone
    b-2) Reversal price action

     

    As the next sell zone, I would like to suggest

    A) from Daily 5EMA, or

    B) from Daily 21EMA, or

    C) riding H4 21EMA


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