USDJPY – One that got away

9.00 gmt

Yesterday, I had a decent long entry in USDJPY which would be almost 90 pips in profit by now. But I over-analysed the trade, correlating it to the Nikkei and S&P500, which made me exit the trade for a small 7 pip loss. This is a lesson for me to stick to the charts, do not over-think or over-analyze the markets. Everything that everyone knows about the pair is reflected in the price action on the charts.


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