USDJPY – take profit!

Trading 08 nov 2019 Donner votre avis

Good day, dear traders! Congratulations to those who took advantage of yesterday's trading idea to buy USDJPY!

Let me remind you that yesterday's idea was based on the morning news that the United States and China agreed on the mutual abolition of tariffs. It should be noted that we are the first to note this news! And immediately, they gave a trading idea to buy the dollar against the yen from the news impulse. This is the so-called "impulse trading", very popular in the world of professional trading. Trading on the news is highly effective but they need to be carefully monitored.

The idea was to buy from the news impulse:

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As you can see – the continuation of the movement was realized during the day, and the price reached the recommended quote of profit-taking:

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I remind you that a few more ideas are in the works, and the next step is profit-taking on USDCAD.

Good luck with trading and see you at the evening review!

The material has been provided by InstaForex Company - www.instaforex.com

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