Sterling Yen continues its' cycle. Flat even highs, with ascending trend.
Whilst we do not trade trend lines, today's acts as a point of confluence as we slam into a high inflection point & previous zone of high impact buying.
Our target would not be the highs, but instead a key area of previous selling within a wyckoff sell zone, at 146.3.
Whilst we anticipate this retracement and move higher, and despite the even highs and HTF pattern indicating higher moves longer term, during this cycle and phase we still prefer to hunt short trade triggers for the faster and higher volume moves.
Whilst we do not trade trend lines, today's acts as a point of confluence as we slam into a high inflection point & previous zone of high impact buying.
Our target would not be the highs, but instead a key area of previous selling within a wyckoff sell zone, at 146.3.
Whilst we anticipate this retracement and move higher, and despite the even highs and HTF pattern indicating higher moves longer term, during this cycle and phase we still prefer to hunt short trade triggers for the faster and higher volume moves.