Japanese Yen signal.

Good morning Dynamic Traders,

Just a quick post today as NFP is out tomorrow, so caution is warranted.

There is a short entry signal on the JPY with trends down but price is currently at the golden mean and a T1 is after the fibonacci cluster for the reversal.

As we know trend trading is our goal although I do refer to a fibonacci reversal cluster above, this is because there was MACD convergence before the low of the end of November.

So with all things considered, perhaps this trade should just be kept on your watchlist until after the news for re-evaluation.

Always ensure to do your own analysis before taking any trades.

There will be no post tomorrow.

Good luck.

Clayton Farnworth.