Price looks like its struggling to break through the key level, after momentum was lost yesterday, and price reversed to the downside, this looks like a pullback before further downside momentum continues. As the Asia session is close, and yesterday they bumped the yen, I expect more of it to continue.
Trade active:
Sell is active, we have now broken through 160.233 which was my retest area, i expect it to push back up to this level before NY session kicks into play, and then further continuation to the downside. Hope all of you got in.
Trade active:
Just as predicted, price goes back up to a little higher than 160.233 just during NY open and then continues to the downside. This may come back and retest one more time, but if it does might be a good position for re-entry. Still do this going all the way down to 159.00 / 158.700
Trade closed: target reached:
BANG! Continuation towards the downside as predicted. I personally have closed here, we have secure almost 130+ pips with this one move alone, so i am happy with closing here. If you wish to hold and continue the analysis is above. Hope some of you followed. Have a good weekend!