Anyway, that was leading up to something. Oh yeah.
USDJPY is now in that compression situation. And at an algo repeating level (for some 8 x one hour candles now).
Something will give. Eventually.
It’ll be best observed maybe as the start of expansions in the current ‘length’ of the 1hr candles.
Eventually price will (or must, yes raed) move on to another level - but whether that level will be above or below current price I do not know.
Other than that it will probably happen during NY when I am fast asleep lol.
Best to watch I reckon. Then trade any directional momentum final confirmation.
It’s a rugged game, Forex.
USDJPY is now in that compression situation. And at an algo repeating level (for some 8 x one hour candles now).
Something will give. Eventually.
It’ll be best observed maybe as the start of expansions in the current ‘length’ of the 1hr candles.
Eventually price will (or must, yes raed) move on to another level - but whether that level will be above or below current price I do not know.
Other than that it will probably happen during NY when I am fast asleep lol.
Best to watch I reckon. Then trade any directional momentum final confirmation.
It’s a rugged game, Forex.
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