Trade photo

It's an 'in the moment news trade' based on USD strength post ISM data. The data aligns with the higher fur longer US rates narrative.

It's a 25 pip stop loss with 38 pip profit target

The risk to the trade is the stop loss is only behind the close of a 15min swing. Another risk is if the 'trump tarrifs shenanigans' weakens the USD again.

Arguably the USD is longable against anything, although I am wary of JPY 'intervention' volatility.

Feel free to email any questions: johnelfedforexblog@gmail.com