I am going to trade against the current Market Sentiment indicators and execute a series of bullish position trades.
The Primary Trend (PT) given by the Monthly TIME BAR ( MTB ) is currently Bearish
The Secondary Trend ( ST ), given by the Weekly TIME BAR ( WTB ) is currently Bearish
The Medium Term Trend ( MTT ), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend ( STT ), given by the Four Hour TIME BAR (FHTB) is currently Bullish
This is a high risk trade since the Primary and Secondary Trend are still bearish and we have a strong resistance at the 3/8 Murray Math Line.
I believe that a trade deal agreement will be reach between the USA and China and hence USD will continue to rise against the JPY based on risk on status.
In light of the above trend analysis and other factors we will start a bullish trade using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily TIME BARS (GDTB) which is currently Bullish. We will also adjust our normal position size and increase the Global Stop Loss Allowance to two(2) times the Daily Average True Range(DATR)
Global Entry Signal: Buy @108.38
Global Stop Loss: 107.33
Global Target Profit: 115.73
Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Position Trading Strategy #3
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