| Videos | Channels | Search |
Lucas: Looking for a USDJPY sell off
Steve Lucas from 3c Analysis is looking at USDJPY, a long term trade that Steve has had on his mind for quite some time. The market has been posting low weekly highs and is trading below the weekly bear-trend as well as below the 100-200 day moving average. Steve believes that the dominating sentiment is selling rallies.
This trade is very similar to a trade Steve made last week and his trading pattern is shown in the chart below. Steve is looking for a sell off today or tomorrow, depending on when this week’s gains fail. At the moment the market is trading close to this year’s lows.
01:12 minutes
Tags: 100 day moving averages, currencies, currency, currency markets, currency pairs, currency trading, forex, fx, fx market, fx markets, fx strategy, fx trade, fx trading, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxotv, sell off, steve lucas, steve lucas 3c analysis, trade idea, trade view, traders tale, trading, tradingfloor.com, usdjpy, usdjpy currency