Hi Leroy. Was having a coffee and looking at some possible...

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    Hi Leroy.
    Was having a coffee and looking at some possible trades for tomorrow.
    Interesting how different time frames can give opposing views.
    I can see on the hourly chart what you are saying. You well may be spot on.
    I was looking at the daily chart and weekly chart and was thinking now is possibly a time to be thinking of a long position.
    On the daily chart the last candle formed is a big doji, while the weekly chart shows a USD_JPY Mini_20180211_09.20.png USD_JPY Mini_20180211_09.24.png triangle build up with price kissing and holding above lower up sloping trend line last week.
    Of course a retest of support line would make money, but i see it as risky?
    Price could be trapped inside of triangle for quite a while and going short now could be wrong timing?
    However a break of that lower trend line and lookout below.

    Just my thoughts, all the best.
 
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