Today, we are looking at the EURJPY for continuation of its recovery from the Low of Friday.
The first area of upside break is 120.21, above here we should expect correction followed by another wave of Buyers.
The USDCAD last week has seen some Buyers however, the move prior to that was a very deep correction to the downside.
It takes a great deal of time and effort for a trend to change, so we will expect more downside pressure.
From a lower timeframe we will be selling rallies that fails in the USDCAD.
USDJPY is in a tight range, a break and correction either side of the break will give us an entry UP or Down.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
The first area of upside break is 120.21, above here we should expect correction followed by another wave of Buyers.
The USDCAD last week has seen some Buyers however, the move prior to that was a very deep correction to the downside.
It takes a great deal of time and effort for a trend to change, so we will expect more downside pressure.
From a lower timeframe we will be selling rallies that fails in the USDCAD.
USDJPY is in a tight range, a break and correction either side of the break will give us an entry UP or Down.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
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USDCAD
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USDJPY BREAOUT.
As discussed yesterday, we have an upside breakout and a correction. Patience is key for this one.
