Journal
Long on AUDJPYData
68% open position on long = May soon reverse
Very high volatility 9.8% = Good
Buy Stop at 78.75
Take Profit at 78.25
Prediction
Price will rise and may struggle around 78.25 but will eventually keep rise to hunt that Buy Stop at 78.75
Upcoming Long on EURAUDOANDA:EURAUD
Data
More than 70% open position on Short
Volatility is somewhat strong at 4.278% (Above 5% is great)
Buy Stop at 1.609
Sell Stop at 1.599
Prediction:
Market will reverse to hunt that Buy Stop order at 1.609
Market may keep rising to hunt another one at 1.61
At this point, there is no immediate resistance (sell orders) so price may keep shooting up
When price goes down, it will keep decline to hunt Sell Stop at 1.599
OR price may go down to hunt Sell Stop first and then Buy Stop
GBP/USD - 7 January - SMT DivergenceHeavy distribution Dollar
Pound making lower low
While Dollar unable to make higher high
Bullish for foreign currencies
