CADJPY this week?? Supply and Demand
CADJPY, I'm trying a NEW FOCUS ON SUPPLY AND DEMAND. Lets see if this plays out. As the picture indicates the bias is to the downside. Notice the important larger moving averages about to cross. I think up for sunday then drop. The LONG Buy Limits WILL WORK, BET. When you look for this you'll see it everywhere and not because you're looking for it but because it happens over and over! Limits should be placed upper middle of the "Base" candle and STOPS should be few pips below "Base" candle wick. The ALGO trys to run price to the bottom of the ZONE.Be careful but don't move that stop. It could be invalid. If so, take the L. Happy trading.
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