USDJPY - Short or Long - let the market tell you

2019-11-25 03:51:50

Hello all

DuncanForex here with a new trade idea

Im looking to short Gold on the 4 hour chart (See link below) - therefore if price correlation stays true

USDJPY should in turn go higher however with the current squeeze pattern lets wait for the market to tell us first and get in on the retest of the outside of the triangle

It could ping pong about which is the reason for a wide stop due to US / China Trade talks, however the overall trend is higher - escpeially with the bullish price action on weekly and monthly charts.

Thanks for looking

Find me at my website and on Instagram and YouTube

Safe Trading

Duncan