Friday, 27 May 2016

TRADING ANALYSIS - USDJPY 1H PARABOLIC SAR

Happy weekend everyone!

As the ADAM CHAEL FOREX kicks off the parabolic sar system just started on the positive side.

It's a good start, but this doesn't mean we should expect the same trade again and again.

Remember previously that our system shows weakness duing the sideways or ranging environment.

And just before the weekend is approaching the market rally and we manage to locked in +25 pts.

Very strong bullish momentum, and we are looking for a breakout on the strong resistance USDJPY 110.62 LEVEL.

It's been a ranging price market as you can see I draw a horizontal lines to see how the price will behave on this levels as this holds the price into a cage.

We will spend our weekend with a +68 floating position.

Next week is Data week, and end of the month monthly system performance.


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