The bot signalled a double confirmation long on SGDJPY but looking at the chart I have my doubts. USDJPY is clearly the stronger of the two and has moved back above the inflection level, where as SGD is looking weaker after falling below INF and showing some bearish price action.
Interestingly however USDJPY didn't signal from the bot, so the difficult decision is to trust the bot and enter SGD or go without a clear signal and buy USD?
Neither trade really fits into my playbook, so I'm sitting on my hands for now.
Interestingly however USDJPY didn't signal from the bot, so the difficult decision is to trust the bot and enter SGD or go without a clear signal and buy USD?
Neither trade really fits into my playbook, so I'm sitting on my hands for now.
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Frustrating to not get a trade today but both SGDJPY and USDJPY have both broken down lower, neither producing a profitable trade on the day. Another reminder that no action is action when it comes to monthly P&L, so happy not to take an unnecessary loss.
I've been watching USDJPY but there hasn't been a nice entry trigger and the Dollar has been very strong this morning so I'm hesitant to buy incase we see an afternoon pullback.