SilverTrader is suggesting a USDJPY buy I have an order in 103.059 in target 103.665, stop 102.885
(DO NOT TAKE THIS TRADE I AM NOT RESPONSIBLE IF YOU DO)
Here’s the Hourly chart with the targets SilverTrader has drawn.
Now SilverTrader Confirms Congestion and you can see the diamond underneath the congestion box with the long tail.
Update US NEWS Rally and then drop back.
Ok – there was a small rally and then drop back, I had already moved my stop inside my open so I stopped out with 0.46$ profit. I have created a new order at 103.144 as I’ve decided i need it to move this sort of distance for the order.
I also have a sell USDCHF on which has just kicked in. I then closed this (with a teeny profit) because I think it’s a fake signal, I think the pair are actually going to move up due to FOMC – the FOMC thing is making the markets behave strangely. Holding my buy USDJPY but I don’t expect to see it go.
Could the Markets be hinting at what is to come in 30 minutes?