After the climatic action on June 23th, price action has been trading in a Range , despite this is typical of AcumulationDistribution.
I would rather consider this a Random Walk because I was expect for a turn in price on the June 23th (fundamentals of BoJ).
Down momentun and disipation of price action is explaining me all this Trading Range. AFTER THAT , WE WOULD LIKE TO BE LONG BY THE TIME THE PRICE WOULD BREAKOUT THE CREEK UP.
Unfortunately, Creek will not be cross at first attempt, but here we are !
First Target is the LongTerm trend White trend line.
I would rather consider this a Random Walk because I was expect for a turn in price on the June 23th (fundamentals of BoJ).
Down momentun and disipation of price action is explaining me all this Trading Range. AFTER THAT , WE WOULD LIKE TO BE LONG BY THE TIME THE PRICE WOULD BREAKOUT THE CREEK UP.
Unfortunately, Creek will not be cross at first attempt, but here we are !
First Target is the LongTerm trend White trend line.