USDJPY 3 Drives Pattern
In between rooting for the Royals to win game 7 of the World Series, I've been trying to catch up on my evening analysis. As we know it's been an active day in the markets, with the FED announcing a halt to it's bond-buying efforts and some pretty explosive moves in the market this afternoon.
What I'm looking at on the USDJPY is a potential 3 Drives pattern that would end us right at previous structure highs and a 161.8 Fibonacci extension level. As I do with my traders every morning in the Live Trading Room, I want to ask myself the question of not only "where will the market go?" But also "how are we likely to get there?" We'll see what the market has in store after the 1st half of the London session, but this is certainly a trade that is high on my radar.
For those interested I invite you to come train and trade with me for a week starting November 3rd-7th It's going to be massive! Hope to see you there! tradeempowered.leadpages.net/vision-week/
What I'm looking at on the USDJPY is a potential 3 Drives pattern that would end us right at previous structure highs and a 161.8 Fibonacci extension level. As I do with my traders every morning in the Live Trading Room, I want to ask myself the question of not only "where will the market go?" But also "how are we likely to get there?" We'll see what the market has in store after the 1st half of the London session, but this is certainly a trade that is high on my radar.
For those interested I invite you to come train and trade with me for a week starting November 3rd-7th It's going to be massive! Hope to see you there! tradeempowered.leadpages.net/vision-week/
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