- Updated chart. Intra-week high of +52 last, now back down to +27.5.
- Read current price action as ongoing formation of Right Shoulder. Trade failed once before with dark blue NL. Now new SHS NL in bold red just below +10.
- The new SHS top, if it works, has objective even below the previous target at -43.
- Massaging position to get in the mood. Hopeful won't turn out to be anti-climax.
2 comments:
Why did you get out of your USDJPY trade?
1. Short on basis of daily double top. Should really have cut on trade back above 82.31. Fortunate to have had 2nd chance at 82.66 last night.
2. Weekly chart going sideways. I only want to have trending positions.
3. As I said in earlier post, things becoming clearer after initial flurry at start of year. Time to separate the wheat from the chaff and focus on trades that I really like only.
4. Too many positions. Feelers served their purpose. This relates to 2 and 3 above.
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