Monday, April 20, 2009

AUDJPY: Waiting For The Trend To Break

I often think that evening trading goes through a period of doldrums. It gets boring. Things move slowly, if at all. Ten pips gain or loss can take an hour or more to happen.


At the moment, as you can see by the chart below, I'm waiting for the current trendlet to break:

This is a 1MIN chart, hence the "trendlet" concept.

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