SEKJPY is now net long. I will not take this trade because it is now to close to the upper bounds of the range.
CADJPY is now net long and has a positive roll. It bring into target the top of the consolidation range for the last couple of months.
My explanation for the volatility is the uncertainty of the Trump term, combined with latent political tensions, providing a discount for a market movers. The yellow fractal is from the time period shown in the orange box, taken from the 4 hour chart. The gray fib fan is placed based on yellow fractal.
EURUSD is rising from the first to the second side of ABC
Broken trendline Lower high, lower low Lop-sided head and shoulders Great R/R 1st target 1:4 (retrace to the 0.618 fib) 2nd target 1:11
- Base resolution imminent. - $19.13 / $19.44 / $19.77 / $20.00 / $20.31
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