By Scott Andrews
Afternoon market update 09 09 2021:
Firstly before the trade ideas for this afternoon are discussed make sure you watch the Bank of Candada Rate Decision September 2021 – Summary of what happened with Gim Hong https://www.youtube.com/watch?.... The JPY pairs and Gold were in focus on today’s currency call, to start with the USDJPY has already considerably sold off as is quite close to the 109.76 support level therefore no trade on this until it reacts to the level. The EURJPY is offering selling opportunities if price can get through 130.10 an entry can take place here with a 30 pip stop and a 60 pip take profit. The GBPJPY is a buying opportunity if price can bounce off the 151.38 support level and get through 151.60 with a 30 pip stop loss and a 60 pip take profit. Additionally watch these two educational videos uploaded today on the LCMS Traders channel Trading Tips – Use THIS Timeframe if you are NEW to trading! https://www.youtube.com/watch?... & Use this fast MACD Indicator to enter trades earlier to catch early profits! https://www.youtube.com/watch?...
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