Hi Good morning folks,
Not a great deal setting up from the break out trading point of view yet again today… there are a few Fib set ups develops on those pairs that have put in ATR or the majority of ATR’s already during the Asian session but could quite easily be another day like yesterday where not a great deal actually happen.
Have a good day
Enjoy
Phil
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Hi Phil.
Great work you do… Your comments here about some pairs making smaller ranges while others are increasing in volatility could be showing us signs of a market shift. I’m watching your blog and this possibility now; quite closely.
Pierre
Hi Pierre,
Thanks for the comments
I’ve talking about a potential turn for nerly 3 weeks in my trading room and we could well see a shift in USD direction.
The hard part is waiting for that to happen lol, how long will it last?
The charts are still pointing down for the moment which is a terrible thing when you develop an opinion on the markets as its grinding my teeth waiting to see if we get some bias changes that will hold… ther has been a few intraday attempts but as you know very short lived and most likely is the big dogs pushing each other around seeing who has the deepest pocket