“There is a time to go long. There is a time to go short. And there is a time to go fishing.” – Jesse Livermore

Markets currently still unwilling to move; lots of indecision trading –Β possibly awaiting Trump’s speech at 10:00AM Singapore time.

Meanwhile, AUD is still on track to crumble – can see the cracks appearing in both AUD/USD and AUD/JPY.

No entry yet as my criteria has not been fulfilled.

It pays to sit back, be patient and wait for price to come to you.

Update:

AUD/JPY starting to head down.

Next support is 85.18.

If it is able to clear that level as well as 85 strongly, next downside target is 83.719 region.

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Monday – 27 Feb

FX 27022017

Nothing much going on in the market today.

Mondays are usually quiet, but should be picking up steam by tomorrow.

New York FX and cash market just opened for the week, let’s see howΒ the next few days go.

Currently sitting on my hands with no trades opened.

No point fishing when there are no fishes in the water, yet.