This is an idea not an advice
I saw that in my last post it got the attention of a few of you guys so I hope this post will be equally as helpful.
Now that the 152 area has been broken, we will turn our heads to a more bullish approach. Remember, as retail traders we must adapt and react, not be stagnant to our logics, because the market isn't moved by logic, it's moved by sentiment.
Currently, the sentiment is looking up, here are the reasons:
- HOT CPI broken long term resistance
- BOJ did not or could not prevent this time
From this point, how far up it goes depends on how the FED cut the rates and how BOJ fights back. Though, for now, the logical attraction and aim is for the last highest point, which was in 1990 at 155.78.
I have observed that the guys in Wall Street has been quite greedy with all this volatility. In recent reactions of the market like S&P500 continuously making higher highs, I will also presume they will try to make the higher high a round number and aim for 156.
However, being a retail trader that I am, I will aim for 154, buying from tomorrow potential retracements areas while the mist is a bit more clear for now. Beyond 154 I will assume BOJ will be having a heart attack.
I hope y'all profited from the volatility today, but wishing you more luck for your future trade.
I saw that in my last post it got the attention of a few of you guys so I hope this post will be equally as helpful.
Now that the 152 area has been broken, we will turn our heads to a more bullish approach. Remember, as retail traders we must adapt and react, not be stagnant to our logics, because the market isn't moved by logic, it's moved by sentiment.
Currently, the sentiment is looking up, here are the reasons:
- HOT CPI broken long term resistance
- BOJ did not or could not prevent this time
From this point, how far up it goes depends on how the FED cut the rates and how BOJ fights back. Though, for now, the logical attraction and aim is for the last highest point, which was in 1990 at 155.78.
I have observed that the guys in Wall Street has been quite greedy with all this volatility. In recent reactions of the market like S&P500 continuously making higher highs, I will also presume they will try to make the higher high a round number and aim for 156.
However, being a retail trader that I am, I will aim for 154, buying from tomorrow potential retracements areas while the mist is a bit more clear for now. Beyond 154 I will assume BOJ will be having a heart attack.
I hope y'all profited from the volatility today, but wishing you more luck for your future trade.