Dislikedgood day bass, your welcome back, hope u had a nice time? Any highlights i'll appreciate. Usdjpy, Audnzd and usdcad on ur wonderful christmass tree chatsIgnored
UCAD is on the verge of Breaking his descending trendline, PA just been rejected from it with the formation of a long tailed doji ( Volatility and indecision ), but i expect it to be broken this week if not sooner, my buy stop order is waiting @ the 600's or the 100 ADR, and i will be waiting for the retracement to enter another long like always .
I'm already long AN since yesterday and scaling in with the retest of the Break of the Long term Descending trendline and the excellent employment news that came better than the forecast on both the Aussie and the kiwi ( See Here ).
UJ is and like always tricky, these all sort of BOJ interventions make it very hard to apply TA or common sense, what i see is the slow carving of a triple top to end the bull run. The break of the ascending neckline will be the signal to short, but i will be very careful with that analysis and I'm flat for the time being waiting for a solid signal to short. The latest US unemployment news gave us another 65 pips spike up, will the descending trendline and resistance hold ?, i guess we will have to wait and see.
Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)