DislikedStrat,
Do you mind me asking your thoughts again on AUD/JPY? Just wondering if we are now officially above the recent resistance of 83.50? Not sure if you wait for weekly to close above...
Thanks Strat!Ignored
If you UNDERSTAND the Power and Higher Order of Time Frames, you will see the BIG BOSS telling you everything you need to know.
Our 3 time frames, the BIG BOSS, the BOSS and Worker, are all telling us that PRICE is currently HELD at around 84.50 RESISTANCE.
Since this is a range common to this pair and based on PRICE ACTION to date, we are looking to sell back down to the 80 support.
For the LOWEST RISK trade, we are WAITING for a CLOSE below the Worker trend line although HIGHER RISK trades can be made with a short stop order below the BEEB providing it remains in place by the end of NY close today.
You will also note that this analysis and everything else we do, is based on RAW and PURE PRICE ACTION. If you UNDERSTOOD this, you would REALISE how very badly lagging your indicators are and why they are redundant.
15 YEARS OF PASR ON FOREX FACTORY!