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hi eMark
lots of general question there.
i try not to guess the direction of monday gaps
but rather react to them.
this is a 2 hour chart of the uj
i rarely trade this pair as it doesn't move much
but i always have this pair's chart up as i trade.
be careful of it since it is a chameleon.
sometimes it's usd and other times jpy.
i am seeing some support levels being hit on many
pairs and the plan is to look for currencies direction
in the morning and get an entry long for a swing trade.
if support levels are broken, then i will go with it.
i see volatile times and have a 1000 pip range on the aj.
i also plan to read news involving boj with the
political change in japan. a devalue of the yen
is possible.
good luck with it and questions are always good.
