Disliked{quote} Hi Lester, What do you think on USDJPY? looking at the chart below, do you think the same scenario as SGDJPY would be applicable? Yours {image}Ignored
I see a lot of similarities here with my current trades I posted about a few posts back
Usd/jpy is again off a strong area but also weak bounce. This is very "wick" like. Here is an example of a wick play and see if you can see the application here
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Again is it one I would sell into? No. I have enough of that going on. But when I try to give myself a view of what might happen, i'm more bias to the downside through that wick
Here is the weekly wick too. Again it's a more complicated concept to understand for a lot of people but it's simple like eveyrthing else. Just think about price. We want to use all the clues. A lot of times you'll find clues and you'll have a real solid idea. It's not until all the clues line up and you can see it doing nothing else that we actually want to trade
Mike