I would not be shocked to see price tap into the black line which is a continuation of the blue pivot. Often, when price is close to a pivot like this, it will often touch the level.
This pair has been strong so I a close under the pivot with I show under with the yellow arrow but on a shorter time frame will be needed for me to go short. I am pretty sure we will see a good drop on many pairs of the JPY complex this week but I will be waiting for some weakness.
Those big drops can be lucrative but timing is key as if we are too early we will be stopped on the way up.
Patience and good set-ups are key.
This pair has been strong so I a close under the pivot with I show under with the yellow arrow but on a shorter time frame will be needed for me to go short. I am pretty sure we will see a good drop on many pairs of the JPY complex this week but I will be waiting for some weakness.
Those big drops can be lucrative but timing is key as if we are too early we will be stopped on the way up.
Patience and good set-ups are key.