I'm being patient here

2021年10月21日

• It has been risk ON lately.
  
• So JPY has been very weak because there was no need for people to put money into this safe currency, but it looks like it is now nearing the end of it's trend. I expect big institutions to start removing their risk as more uncertainty enters into play.
  

No FOMO
*Everyone is trying to short right now, so I expect a second liquidity rejection of the tops because that is where people's stop losses will be sitting.


The bigger picture
*Why do I say there is going to be a second liquidity grab? Because we can see that price has reached a previous top and it is very likely that it will go just above it to grab long term stop-losses.
*This new found liquidity will propel prices down :


A closer look
*Here is the 2 turkuaz lines in a closser look (1h chart) :

2021年10月21日

註釋

We did not have the second liquidity grab so in that case, price did not have the momentum it needed to go down in an aggressive way.
So in that case the trade is no longer in play because there was no good Risk to Reward opportunity