USD/JPY Long Trade Is Starting To Pay Off

Last week (March 21) I discussed a trade in the USD/JPY to the long side.  The rationale had to do with a very clear candlestick bottoming pattern.  The  trade involved buying the YCS, which is a double ETF of the USD/JPY exchange rate.  Today, exactly one week later, the trade is starting to look nicely profitable and I am looking at taking first profits here.

Here is the original post of the trade idea: http://steadytrader.wpengine.com/u-s-dollarjapanese-yen-usdjpy/

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.