Counter-trend yen trades possible, but primary trend decline has further to go

Download (PDF, 255KB)

For optimal viewing click the arrow symbol in the upper right of the document window or download the .PDF at the link above.

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

4 thoughts on “Counter-trend yen trades possible, but primary trend decline has further to go

  1. macrot

    Sentiment is bearish on the Yen that is hard to join the ‘crowded’ trade. But I wonder if those want to short will not get a low risk are to enter. That is, I was looking at the 30% waterfall drop in dollar from its 2000 peak. The only thing one could do was hold on through the entire short as I don’t see many great retrace opportunities on that chart. Not sure if you have any comments but great blog – it always makes me think about things differently.

  2. bikinianalytics Post author

    Yen is oversold right now, and we agree it is a crowded trade, but rallies will be counter-trend, we expect further declines.

    As for trading it, we would apply a trade entry strategy that helps identify lower risk counter-trend entries in a time frame you are comfortable with. We like Steve Primo’s strategy work in this area.

Comments are closed.