dojitrader
Short

Classic Correction Into Resistance ?

FX:EURJPY   Euro / Japanese Yen
58 1 0
Looking to sell 142.03 just short of A = C with stops above 142.219.
Seems like anything above this and the idea is wrong and extending
towards some other corrective pattern.
Low risk, yet, the candles may help better define when price is in the zone.
One of those days when I just don't get it !!!
the price action wobbles and shakes upward like a car
with square wheels AND THEN the closer it gets the stronger
and smoother as if some kind of transformer with the wheels
magically turning round and blowing through the reasonably
formidable resistance as if it never existed.
It's tempting to blame the market makers. . .
OR I could just be wrong and the market has other ideas/needs/wants.
But, it's tempting ~~~~~~~~
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