I sold this pair after waiting for days for a reversal sign; we are NOT at the reversal pivots yet, just NEAR them, but because of the extreme volatility due to the last BOJ meeting, the pivots are unusually far one from the other.
Target is a Fibonacci retracement of the whole rise.
Maybe now I should just close my charts for a few days and go do something else (so that I wouldn’t be tempted to react on intraday price swings)…

Daily chart; at Resistanec, after a huge rally, near weekly/ monthly pivots... Stochastic way overbought

1 hourly breakout

Leave a Reply