Which way will you go AUDJPY?

Good evening ladies and gentlemen

I hope you all had a wonderful end to the trading week!! It has been a mixed week in terms of the weather. Does this mirror your trading week? Have you stuck to your TP? The weekend will give you the opportunity to reflect over your trades for the week. As a reminder accountability is key to being a consistent and successful trader!

So lets see how our girl has finished up the week. Below is the 1 hour chart for the AUDJPY, where we can see what has happened since my update yesterday. Price has found this comfort zone around the figure for the last two days and has found it difficult to make a decision in which direction to go.

To go short we had the DT coming into a squeeze, the divergence on MACD and the RN with price sitting at a Fib Breather level on the daily as well. However, it gave a Long signal after price broke North out of the squeeze and above the RN yesterday. It reversed back again after a bearish tramtacks, kissed the R turned S line, broke back into the squeeze and has again broken North out of the squeeze and is now sitting at the RN. I suppose this is a fitting way to end the week as we still left very unsure of which direction we could be heading.

So looking ahead to next week, it is now very much a waiting game. From our technical analysis we could anticipate a move in both directions. However, we have not been given anything as yet from the market to jump in on this the way it currently sits. I feel that she will be much more generous next week and as SM all we can do is wait and capture what we deserve with the SM tools we have within our arsenal. As always so your own analysis!

Alright Rich. Dads always come through with some quote or the other. Thats a good one and I think the answer is "How can I soar like an eagle when I am surronded by Turkeys!" A COMPLETE GUESS!!

Spot on with your answer to my riddle. My riddle for the weekend is which famous inventor, when asked when he was almost totally deaf, why he didn't invent a hearing aid replied "How much have you heard in the last 24 hours you could do without?"

Till Monday

Have you all an amazing weekend

Abundance is your Birth Right

Zaheer Anwari