Ok. I give up. I should stop saying that I think a currency pair is going to break in a certain direction and just trade the breakouts as they come. As those of you who have been watching already know, the USD/JPY pair that I forecasted would fall, rose spectacularly toward the end of trading yesterday. It broke my buy line and I entered at 91.16. It closed above the 1.272 Fibonacci extension at the end of trading at 92.28. I'm going to leave a 30 pip trailing stop in and lock in 82 pips right now. I'll update when the trade closes.
Happy Trading!
ps. I still think the pair will fall, and I'll be ready (stop saying that - who are you talking to?)
Happy Trading!
ps. I still think the pair will fall, and I'll be ready (stop saying that - who are you talking to?)
