Hi everyone!
Well, I made a couple of hundred pips this morning (Asian session). I know the Asian session is usually a terrible time to trade, but with RSI knocking down at or near 20 across most timeframes, a bullish correction seemed inevitable.
I waited for an EMA cross in either 15 min or 30 min timeframes, then entered at 20:00 GMT. I went with AUD/JPY and AUD/USD mainly due to their increased chance of a bigger movement during the Asian session. I set my profit target for 100 pips (the correction looked to be a strong one, but may not last too long... not on the daily at least), and both trades were completed a couple of hours later. As it turns out, GBP/JPY could have netted at lot more if you caught the movement earlier.
I am still of the opinion that this may be the end to the surge in JPY and CHF, but we will probably not see if I am right until maybe Tuesday. Good luck everyone!
-Benjimang
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