Price initially fell today but recovered by the 'close' keeping the idea in play. The stock market closed strong today. This 'risk on' environment favors a rise in the UsdJpy which in turn could move the xxxJpy pairs up
Price retreated today as thee JPY strength was overwhelming. The idea is still on. Only just. A breakdown below the lower border of the structure around 147.65 is not good. This pair is really oversold
We have upside breakout...
We are now playing with double top issues here. While I am looking for more upside I decided to cut and run. Idea has played out well
Bad outcome for me despite a rise in prices. Trice took out all the stops on the downside before showing its true bullish colors.
WARNING: This price action will occur more often as time goes on and allowance needs to be made for this kind of price action