USDJPY, tough and really tricky pivotal point... downtrend in the lower time frames and seems like a retracement on the daily bouncing off the 200 SMA.. H4 price action nestling above the same MA and looks like it will resume the uptrend. I will let the market decide for me and stick to short unless it crosses above the weekly pivot, then that will become a mandatory long in this scenario. All the best!!
Akil_Stokes
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@KeTrader, Thanks for sharing your views and I love the quote "I will let the market decide" I can't tell you how many traders I run into on a daily basis that believe the market "will" do this and "has to" do that. As if we have any control.
Movali123
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Hi, at what price would you be looking to go long ? And in your opinion would you see the 110.5 an area for shorts?
Akil_Stokes
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@Movali123, It all depends on how price reactions at support. If price were to violate that level and go short I'd predict a move to the 108 level as being the first potential stopping point
solenmike
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Hala Madrid indeed! What a goal...3 in a row!
Akil_Stokes
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@solenmike, As an Everton supporter I was pulling for you guys. Great to see Bale have a great final. Congrats on 3 and 13 That's incredible
solenmike
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@Akil_Stokes, good times!...and good videos. Thanks Akil.