Free Profitable Forex Newsletter
Hey! This is Philip with another trade idea of the Free Profitable Forex Newsletter!
One interesting trade idea at the moment is a long JPY trade which is based on a seasonal pattern in the Yen around the end of the Japanese fiscal year. Namely, the Yen tends to strengthen between the period of March 10 to March 23, after which a reversal occurs and the Yen weakens from March 23 to March 31. The pattern has over 90% success rate in the last 10 years.
Based on the above,a SELL AUDJPY trade offers an interesting opportunity. For isntance, AUDJPY is being rejected from its highs today and near the prior highs from last week.
The pair is now trading below the 79.00 level and signs of a top on both USDJPY and AUDUSD also confirm a bearish bias for AUDJPY.
- Around current levels (79.00)
Stop loss:
- Above the 79.50 highs from last week
Target:
- 78.00 - 77.80 area at the previous low
This institutional insight about the seasonal JPY (bearish) pattern is from the eFXplus service. eFXplus provides price-based FX data derived from banks and institutions and Thomson Reuters IFR
Markets.
Exclusive eFXPlus discount only for our visitors:
All FX Trading Revolution visitors and subscribers can exclusively order the eFX services with a discount - simply click on the button below and subscribe to eFXPlus to follow institutional trade ideas.
If you have any questions or feedback, don't hesitate to reply to this email.
Thank you!
Profitable Forex Newsletter
Trade signals from the past 2 weeks
Week February 25 – March 01, 2019
- February 26, 2019 – Short AUDUSD from 0.7180, target reached at 0.7080 = +100 pips profit
- February 26, 2019 – Short NZDUSD from 0.6885, target reached at 0.6800 = +85 pips
Week March 04 – March 08, 2019
- We didn't make any trades in the last week as there were no high-probability trades due to high uncertainty around some risk events
TOTAL: +185 pips profit in the last 2 weeks
TOTAL: 1135 pips profit since the beginning of October
High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Any opinions, news, research,
predictions, analyses, prices or other information contained in this newsletter is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
|
|
|
