Another quiet US afternoon session...lack of economic news maybe in US.
lots of economic news releases tomorrow and Friday so could get some momentum.
Until we see a decent reversal in dow my main focus is to play shorts near range highs in xxx/jpy and xxx/usd and take profit and play the retrace back up...that seems to be be whats happening in most xxx/jpy pairs at the moment...as soon as we have a decent drop Dow below major PPZ areas we should see a big drop in xxx/jpy and xxx/usd.
A drop below 11,000 would be a nice present.
lots of economic news releases tomorrow and Friday so could get some momentum.
Until we see a decent reversal in dow my main focus is to play shorts near range highs in xxx/jpy and xxx/usd and take profit and play the retrace back up...that seems to be be whats happening in most xxx/jpy pairs at the moment...as soon as we have a decent drop Dow below major PPZ areas we should see a big drop in xxx/jpy and xxx/usd.
A drop below 11,000 would be a nice present.