Its important to have invalidation points for your trade ideas ... this will help you avoid FOMO and also enable you switch biases quickly and accurately. So far this week I have not entered any trades simply because I could not find any Good trades that meet all my rules... these rules have been tailored to put probability on my side ... isnt that what we want...
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
