Potential Reversal Play

١٣ فبراير ٢٠٢١

Recent COT data shows over 2 fold increase in large specs JPY shorts from early Nov. Also DXY showing considerable strength that reversal is almost confirmed and factoring in the Biden's administration desire to see a stronger dollar. Buy area is in the yellow ellipse/circle approximately a 60 pip zone so only encouraged for those who can hold that kind of drawdown. Let's see.