I bagged my first trade of the month last night
Yesterday I went long UsdJpy after it had retraced to a significant fibonacci level
I was looking for a bounce, so my TP was set at reasonable distance: 84 pips - just above 113
My TP was hit last night and I made about 30K, which is nice
I will be looking for more swing trades this month,
as I expect market to be coiling with sideways action - I will not commit to a single direction
Buy low - sell high is the motto
This has to do with market uncertainty still prevailing after Trump presidency
Yesterday I went long UsdJpy after it had retraced to a significant fibonacci level
I was looking for a bounce, so my TP was set at reasonable distance: 84 pips - just above 113
My TP was hit last night and I made about 30K, which is nice
I will be looking for more swing trades this month,
as I expect market to be coiling with sideways action - I will not commit to a single direction
Buy low - sell high is the motto
This has to do with market uncertainty still prevailing after Trump presidency