After having or patience tested this entire week, the markets are finally producing the setups we want to see!
The mark of a good trader is the ability to sit on your hands when the opportunities are scarce, while the bad trader loses all his money forcing trades in subpar market conditions.
Today is all about the YEN! Among them, the best opportunities abound in GBPJPY & AUDJPY.
Remember: just because we are trading in a High Value Area, doesn't mean that we should be rushing into subpar trades.
This is how you lose a significant amount before the real opportunities come, and by then, you'll be too gun-shy from the losses you took to capitalize on...
AUDJPY has destroyed its Short structures, making for a significant shift in market structure.
We must now let go of our original Short bias and prepare for potential Longs.
