EXPECTING PRICE TO RETEST THE HIGH BEFORE DROPPING MASSIVELY
We wait for price to retest the resistance level for an opportunity to short
THIS IS ONE OF MY FAVOURITE PAIRS.. NO LONG STORY THE CHART IS SELF EXPLANATORY,... DONT FORGET,WE READ THE PRICE B4 ENTERING.
Honestly, i have a bad feeling about catching the audjpy reversal.. the market price action is showing no sign of reversing or even retracing.. so hopefully i wil expect to see a little consolidation b4 th reversal.. dont just dive in. you wil get burnt.
IF YOU FOLLOW MY PREVIOUS EU ANALYSIS... I HOPE U CAUGHT THE BOTTOM OF THE REVERSAL.... THIS IS JUST TO GIV U A RE-ENTRY.. REMEMBER,NO RETRACEMENT NO ENTRY
The expected reversal of last week didnt quiet come as anticipated...but as usual we follow the language of the price
Update on usdcad price action analysis... if u r stil looking to join the buy party, u r a bit late.. but dont b egad to start selling.. wait for the price to show you the right time... you could check my previos post for d previous update and others
I hope to see a bearish monday..... and the rest of d week bullish... you could check my last week update on eurusd for more
If you check my previous post on uj, this is an update on the price action for d week analysis. sorry if u got stop out cos u tok an early sell on monday
I KNOW EVERYONE IS WAITING FOR UJ SELL.. THIS WILL HELP
GBPUSD still on the sell... expecting a slow monday and london section tuesday... but whatever you do dont miss the wenesday buy..
So far usdcad has been going smoothly, we expect a continuation to the uptrend..... any long on uc should be for the coming week only...then u read price action to know wats next.
This is an update on my previous analysis on audjpy, so far price action has played out find. remember,dont jump in blindly.you can be right in your analysis and stil lose money. looking forward to selling this week
My view on audjpy for the month of january and partly febuary... dont trade blindly, wait for price action to unfold first