I’ve always found this week tough to trade on a longer time frame (anything over 15 minutes) and I’m not a scalper. When in doubt-stay out.
Generally I bag a few pips early in the week (Mon/Tues), by mid-week I’m out unless I really see something/want to gamble on Friday’s numbers.
I don’t see it and I’m not about to punk’d by the Market…not this week
2 pairs I am keeping an eye on: GB/JPY and AUD/CAD, If you rely on the BBands both pairs seem to be stretching the upper line.
The Daily GB/JPY shows mid range BB as possible pull back top somewhere around 122.10* area, STOCH would have to hook down yet
The 4 hour is reaching the top of the Band and again projection is above 122, I would be looking for a pull-back to bottom of the yellow trend line…about 50 pips
IF, all other signals (STOCH,MACD, Candle etc) are in line…most likely within next 4 to 5 hours should be a “go” or fugetaboutit
The AUD/CAD just broke higher as I was posting this…off the table for now..unless you want to scalp some retrace
