USDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
EU: It's on a descending showing momentum to the downside but I want to see more commitment to take a trade AU: It's looking rangebound but it's showing momentum to the downside, right now I want to wait for more commitment to look for a trade
EU: I'm seeing the PA in a small range it broke the high and retrace and broke the low and retrace so by now it's not showing me a commitment to any side so I need to be patient. AU: It's on an ascend. channel showing me not so much commitment to the upside, so I can wait to see the PA doing a reversal.
If you love reading charts and price action in general, then we'll probably mesh well. Thanks for watching
If I need to show proof that I actually took these trades in my mt4 acct am happy to. Not a bad couple of trades if I do say so myself :) Also, as a disclaimer & CYA gesture, I have not shared anything that wasn't already revealed in the once free video library that was once available on innercircletrader.com.