CONSIDERING THE LEVEL OF VOLATILITY INDEX VIX 15.75,THE FALLING S&P500 WE CAN CONCLUDE THAT THE MARKET IS IN A RISK OFF SITUATION WHERE BY THE SAFE HEAVEN CURRENCIES ARE STRONGER ,COMMODITIES WEAK .I THEREFORE INTEND BUYING JPY AND CHF AGAINST COMDOLLS BUT WILL AVOID USD BECAUSE IT PRESENTLY SITTING IN A RANGE FAILING TO DISPLAY ANY PARTICULAR TREND.
THE PAIR BELOW GBPJPY IS IN BERISH TREND AS YOU CAN SEE ON H4, THE MARKET SHOWN BY 21&55 EMA IS BERISH AND AT THE TIME I OPENED A SELL POSITION THE 5&8 EMA HAD CROSSED 5 UNDER 8.
FIB ZONE SITTING AT DM3 ON H1 WHICH IS A RESISTANCE ZONE FROM WHERE THE SELL COULD HAVE BEEN TRIGGERED BUT I CHOSE TO OPEN THE SELL POSITION AT DPP BECAUSE ALL CONDITIONS ABOVE WHERE FULFILLED . MY TARGET THEN IS DS2 IF NO UNFORSEEN SITUATION SUCH AS VIX FALLING OR STOCKS INCREASE.

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