Quick update on USD/JPY:
The order flow on the intraday perspective is now balancing. I have moved my stop down to the edge of the balance zone...just out of range to lock 357 pips. Considering the volatility of late, we may get a spike higher as the larger order flow attempts to test the last balance zone on the weekly chart....therefore, I want to lock as many pips as possible, (as opposed to riding it out), and be ready for another short up around the 123-124 area.
The order flow on the intraday perspective is now balancing. I have moved my stop down to the edge of the balance zone...just out of range to lock 357 pips. Considering the volatility of late, we may get a spike higher as the larger order flow attempts to test the last balance zone on the weekly chart....therefore, I want to lock as many pips as possible, (as opposed to riding it out), and be ready for another short up around the 123-124 area.
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