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The Japanese Yen continuation trade

TradeGuidance - Thu May 2, 1:00PM CDT

This was a continuation trade idea as we continued (and likely end) our two-session campaign of trading to the moves in the USDJPY and thereby the Japanese Yen futures contract. The chart and executions shown below are self explanatory. It is a continuation trade idea off a measurable retracement, and those retracements are measured shown clearly on the chart. Gross gains from today's continuation trade amount to $7,750.00:

Chart

Executions

Executions

On the date of publication, Murali Sarma did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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