The Yen Vigil
Good Evening Dynamic Traders!
Today's later posting gives you a perfect opportunity for some evening analysis.
The Yen has been substantially strengthening across the markets!
Below is the daily chart for the CADJPY.
Price demolished almost 900 pips since last Thursday's note (BLOG 8th Jan) and is now mulling over its next move at the dominating fib reversal point 123 886 clustered close by a significant zero figure.
We may see a period of deliberation prior to price action.
Being mindful of the general downward trend, wise traders will be keeping a watchful eye for a break of the firm support or a reverse gear manoeuvre.
Ironically, the direction will be determined by " traders' " themselves; the smarter of whom will be sure to apply the correct filters and ESLT before taking their positions.
Keep the cross on your watch list and wait............... patiently for the signal!
CADJPY daily chart Advanced GetToday's later posting gives you a perfect opportunity for some evening analysis.
The Yen has been substantially strengthening across the markets!
Below is the daily chart for the CADJPY.
Price demolished almost 900 pips since last Thursday's note (BLOG 8th Jan) and is now mulling over its next move at the dominating fib reversal point 123 886 clustered close by a significant zero figure.
We may see a period of deliberation prior to price action.
Being mindful of the general downward trend, wise traders will be keeping a watchful eye for a break of the firm support or a reverse gear manoeuvre.
Ironically, the direction will be determined by " traders' " themselves; the smarter of whom will be sure to apply the correct filters and ESLT before taking their positions.
Keep the cross on your watch list and wait............... patiently for the signal!
Composed Trading!
Saba Jackson
Labels: cadjpy
posted by Saba Jackson @ 6:18 PM
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