Adding to Long USDJPY on NFP breakout
I think today's NFP was a wake up call to those who were disinterested in USDJPY for the past 6-8 months.
Therefore, although it is difficult psychologically to add to trades after a big run up, that is itself one reason why its profitable to do so when the reasoning checks out.
I have added around here and will do so in small every 50 pips on the way to 1.24 initially and ultimately up to 132.
Therefore, although it is difficult psychologically to add to trades after a big run up, that is itself one reason why its profitable to do so when the reasoning checks out.
I have added around here and will do so in small every 50 pips on the way to 1.24 initially and ultimately up to 132.
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