Only one chart today--- (I am in my trades from earlier in week and some since April)
As a commodity pair it can still give us good market direction-- and it held S/R 5 times - then yesterday appeared to break the S/R- only to quickly reverse- which indicates merely the stop hunt down and as we have seen in all pairs the yen pairs and Majors rally's have resumed. One might consider the CADJPY chart to be re-accumulation to drive it upwards to the next weekly fibo at 103.68.
My underperformer is the AUDUSD with a lot of overhead resistance (which typically can only be broken at major news times- when ever those are...)
Wednesday, May 8, 2013
8 May
Only one chart today--- (I am in my trades from earlier in week and some since April)
As a commodity pair it can still give us good market direction-- and it held S/R 5 times - then yesterday appeared to break the S/R- only to quickly reverse- which indicates merely the stop hunt down and as we have seen in all pairs the yen pairs and Majors rally's have resumed. One might consider the CADJPY chart to be re-accumulation to drive it upwards to the next weekly fibo at 103.68.
My underperformer is the AUDUSD with a lot of overhead resistance (which typically can only be broken at major news times- when ever those are...)
