Asian shares were higher at the opening session, buoyed by a rally on Wall Street amid plans to detoxify banks of their sour loans, with markets led by continued strength in the financial sector. Yesterday, the Dow Jones Industrial Average surged 6.8% with the financial sector of the S&P 500 gained 18%.
Still, sizable gains by many regional bourses Monday seemed to have pre-empted the U.S. move..
Japan's Nikkei 225 was up 2.1% after rising 3.4% Monday
A surging Nikkei drag USDJPY along.
My 1 MTF scalp trade as per above chart, started at 24:00 GMT when Nikkei started its day. I entered long with two positions.
The first position(the first aqua color triangle at 0:13 GMT) profit of 23 pips. Prices bounced off the 97.00 level.
The second position i.e at 0:39 GMT after prices settled at 97.25 with my target at 97.50. I take profit at at 97.46.
