I might regret this, but I'm not taking this entry. Initial reaction was that we had broken down from the TL and was resting. But looking at other pairs and the 5m detail, i'm not sure if bulls have stepped in here to run it higher. Most other JPY pairs are showing bullishness right now due to yen weakness, but SGD is holding steady. Still if we were to enter and be stopped out I'd be really upset given we had reservations before entering.
Conversely if this does break down and go to target it will be tough not generating some nice profit.
I'm cautious though after the missed USDCAD trade earlier that would have worked out great, that we're chasing something right now....don't want to make an emotional play, so for better or worse, we're on the bench right now!
Conversely if this does break down and go to target it will be tough not generating some nice profit.
I'm cautious though after the missed USDCAD trade earlier that would have worked out great, that we're chasing something right now....don't want to make an emotional play, so for better or worse, we're on the bench right now!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.