Back to the crossroads of weeks past. The future of Equities Markets have a canary in a coalmine association with Aud/Jpy. Grab some popcorn, it may be enlightening. Catch a view before people start claiming it was something done or said.
the pa will take the least path of resistance. That is how markets work.
Hi Gator, sorry mate, I couldn't help the temptation to follow you here.
I have to ask this question because if you said "That is how markets work" then I feel itchy if I don't understand :
"the pa will take the least path of resistance"
Was it a typo and should be "the latest"? or do you actually mean "least"?
If so, can you explain a little about what you mean by this statement.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I figure it will bounce around 81.3 area until it choses a direction. This is a place u may place a long with a 80.9x ish area stop. And forget about it for a few months. If it breaks u will be stopped out. If it dont, u will be rewarded handsomely. I did expect equities to drop further a months back. back then the aj wasn't sitting on support. Now its on support, and if both equities & AJ drop. They have each other to help with a direction. The the least path of resistance is, them working together. If they both loose support, look to short. If they both found support, go long. Risk to reward wise, getting stopped out isn't a bad thing. Equities are looking bearish toward support, while Aj is at support. That's why I say its at a crossroads. The Facebook news and the Tariff situation looks to feed equity bears. Unlike the last 10% equity drop, the aj is in position to play, if support is lost.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just noticed something. It might be second thought to you but I'm just thinking out loud.
If equities and AJ crash down, USD is crashing with them which concludes EUR is rising.
Please correct me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
mate, thank youuuuuuuuu
I caught 81.00 with 20 pips SL
and as it turned out, it has a positive swap too
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was stopped out. It was worth trying though
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I bought some Aj at 81.81 without using exit scope.. lets see...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit