After a volatile trading day on 5/29 markets are making there way back to balance zones. Money is made when the market is out of balance is something I've learned, Watch for news regarding price action.
UPDATE 5/25/18: Our pattern is continuing strong and zones have been very profitable. Be aware of RSI as price continues to rally from ~109.016, which is currently a strong support for us. Keep in mind this chart shows zones that continue past 5/28/18. On the 28th Japan will be releasing employment rates & Job application ratio which will undoubtedly create price action.
Update from last night: Our price crashed further below than anticipated and our pattern failed. That being said today is a new trading day. The price touched and confirmed a strong support @ A which can be considered a buy zone. Expect retracements between A/B and C/D respectively. Yen should rally today as retail has been strong. Green zones are long. Red is...
Considering the indicators, It's clear that the price is retracing from 38% . Purchasing Yen @ B (which is to be regarded as a zone instead of a point) we should assume a reversal up towards C (which should be regarded as TP zone). Stay tuned for another update.
