firesword wrote: Thu Sep 11, 2025 11:34 am
I don't know if any of you have trades on CADJPY and AUDUSD but they are definitely in no hurry , especially CADJPY.
It's been in a 30 pip range since yesterday. Accumulating to go one way or the other.
I guess EUR and US news today will have to do something with that.
AUDUSD is trending, not a great candidate for this system. I see the initial target of 0.66 was not hit, then the next target down was also missed, then it hits the initial target of 0.66 and now it is trending to the latest target of 0.67, after broken 0.66, then tested as resistance and going up. I don't see clear sign to be rejected significantly below 0.6722.
CADJPY is at equilibrium at the moment and it will go to 106.85 up, or 106.04, and then 105.81 down. Much better candidate for this system recently but be aware of the current consolidation that may switch soon to a trend.
Personally, I will avoid both at this time.