Hi Folks,
I’m looking at the charts as usual this morning and have been all morning and all I can do is shake my head.
Most of the cross rates that I’m looking at are still range bound and waiting for price to get to S/R levels or break past those S/R levels and so far they are nowhere close to being at those levels previously identified.
The only cross rates that have looked interesting for me so far today are AUDJPY AUDUSD and CADJPY which have broken out of the larger 240 min ranges and there is such a lack of activity today that I’m thinking that these might really struggle to make any significant intraday moves at the very least. the good news with them is that I have managed the trades to a break even point as Ive described in the Ive room today.
So its back to waiting… waiting and waiting some more.
I think personally If I wasn’t at the trade desk and doing some presentations, today and this week would be a really good time to go fishing. Have a long weekend. Spend some time with the family. If I was flat that’s what I would do with my time…. something better than sitting at the desk.
What every you decide to do today and tomorrow… enjoy yourself and have a great weekend.
Phil
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