THE WEEK THAT WAS

The last week has seen my 7 Zulutrades with 7 losses, not great..but my bias remains the same.

USD/CAD: I have had 3 short trades in the looney and all have been stopped out.
My bias remains short but PA has just been creeping up..so does this mean i go long?..
Take a look at the 4hr...we have a bearish wedge forming..
I just think i got in a bit too early but there's no chance i will be going long on this...period.
If however we get a weekly close above 1.1800 then my tune will certainly change.

GBP/JPY: I am a long term bull and i have tried to buy this at the 149/150 zone but got stopped out.
Normally i would have placed my SL just below the low of Mays low but i decided to layer my entry.
The 150 zone provided us with lots of resistance on the way up and i did not expect PA to break it so easily..i was wrong on that as it spiked all the way to 146.I still remain bullish bias unless we get a weekly close below 148.

It's been a frustrating week with the pace of geppy PA and looney's dysfunctional movement..but i trade what i see..


Happy Pippin

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