This definitely caught me off gaurd. I found myself wondering about that 4hr candle with that HUUUGE tail. Usually happens before a big move, but I didn't want to believe it would go this far. Good thing I sold a little though. Hope everyone survived this. We may need to bounce off of 105.5 if the CB report doesn't turn things.
When you feel like you HAVE to trade is when you least should!
Hello! I'm back. So this pair reversed up and nearly took out my stop loss which I had set at break-even. It missed it for like 3 pips LOL. Since then, it has come down again, but I don't like the way it's moving. It doesn't look like it is ready to come down big yet, and I doubt it will do it today as it's 1st of the month and a Friday and we;re coming to the end of trading. Most importantly, looking at how he yen moved before the big drop of Feb, I think it may first jump up by a couple hundreds pips to shake out sellers, like it did on Feb 19th and Feb 20th. So I've closed my trade now at 106.80, for only 30 pips profit but hey, it's profit and been a good week so..
What do you guys think this pair will do?
Good night and good weekend from me an my spirit animal, teh golden puffer fish!