Forecast Opportunity

Date Posted:       08 Nov

Ccy Pair:              USDJPY

Trade Action:        SELL

Order Type:        Stop Entry Order

Execution:          Trendline Trader

Trade Parameters – PENDING

Stop Loss           109.03             -15p

Entry                  108.88

Take Profit       108.38              +50p

Chart & Forecast Details

The safe-haven trade has been unwound lately on the expectation of a positive US/China trade deal. USDJPY has rallied all the way back up above 109.50. But I believe this will be short lived as I expect Trump to sabotage the trade talks (for his own political agenda) and reignite the safe-haven trade.

Key Trade Day: Wednesday 13th Nov – US CPI

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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