From a technical point of view, Price has just manipulated early sellers out of the former support turned resistance at a level just before the daily break of structure to the downside.
After the the high manipulation, we can see a clear structure shift to the downside; ( Further confirming the bears strength)
The most logical thing to do now is to Position for sells tomorrow, And I have marked out a 15min timeframe POI, where I will love to see price manipulating early sellers out again before continuing to the downside.
From last week JPY COT report, we see that commercial institutions are adding more long positions and closing their sell positions! That is an indication that the JPY is getting stronger and and currencies paired against it are going to see some massive sells to the downside! Looking forward to what this idea yields.
Feel free to comment you opinions!
After the the high manipulation, we can see a clear structure shift to the downside; ( Further confirming the bears strength)
The most logical thing to do now is to Position for sells tomorrow, And I have marked out a 15min timeframe POI, where I will love to see price manipulating early sellers out again before continuing to the downside.
From last week JPY COT report, we see that commercial institutions are adding more long positions and closing their sell positions! That is an indication that the JPY is getting stronger and and currencies paired against it are going to see some massive sells to the downside! Looking forward to what this idea yields.
Feel free to comment you opinions!
