My theory is that if it's as strong as I think it is, it's not letting anyone in easily. It's not like they are going to ring a bell. Looking to sell 3/4 around 1.2050. That would be midpoint between most recent lows and highs.
Well, the market is saying pause in trend. I haven't checked equities yet but wouldn't be surprised if they were down too. Got stopped out below 1.2020.
Little bit gun shy this am. Plus I generally trade in the direction of the daily trend if I can find it. My general feeling is that Selling is basically almost over. Now I need to see some kind of base, or double bottom.
Stopped out of that position. Short Usdjpy from 1.1273. Saw the double bottom at 1.1250 which I felt would be violated. Also, there was news about Boj tightening, or thinking about it.
