Shorting EURJOY at this level in relation to my previous reasoning of the market being over-optimistic in regards to Covid-19 vaccine news and the timeframe for implementation of this.
EURJPY is in many ways the risk barometer of the market, and expecting a deterioration in overall sentiment a short from this level is attractive to me. Missed my entry a little bit not giving the full x2 RR ratio, but still happy holding it for now.
Large pick ups in sentiment from serious progress in regards to for example Covid-19 or exchange rate intervention from the BOJ pose some risks to this trade.
But so far the Covid-19 stats are looking grim, and I will treat any positive news about the vaccines as temporary noise.
EURJPY is in many ways the risk barometer of the market, and expecting a deterioration in overall sentiment a short from this level is attractive to me. Missed my entry a little bit not giving the full x2 RR ratio, but still happy holding it for now.
Large pick ups in sentiment from serious progress in regards to for example Covid-19 or exchange rate intervention from the BOJ pose some risks to this trade.
But so far the Covid-19 stats are looking grim, and I will treat any positive news about the vaccines as temporary noise.
Not
STOP MOVED TO: 123.80+50 pips protected
İşlem kapandı: durdurma seviyesi
Stopped at profit +50 pips
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.