CADJPY, I'm trying a NEW FOCUS ON SUPPLY AND DEMAND. Lets see if this plays out. As the picture indicates the bias is to the downside. Notice the important larger moving averages about to cross. I think up for sunday then drop. The LONG Buy Limits WILL WORK, BET. When you look for this you'll see it everywhere and not because you're looking for it but because it...
I wanted to remember that some times you have it right in your head and you don't act on it. A Couple days later CAD pulls back 6 pips below the line I thought to place a BUY LIMIT with an 11 pip STOP! Crap and its still going...And I think its going to keep going with up coming Good News. There's always tomorrow or in ten minutes.
I drew trend lines connecting a LARGER overall Uptrend, then it broke out to the upside so I thought it was over. BUT It just came back down in and touched that spot like it never left that channel at all. Touched and now is heading up so it looked impresive, Like you could buy it for days. But I'm kinda new so check it out yourself. Happy ZEN Trading!
