Risk has again hit the market and drives safe heavens and riskier assets

Forex market is always driven with risk so we need to remain sundued and learn to stay on sidelines for a while and wait for opportunities to come again on our side.

Intersting fact is this which come as a surprise which is us dollar strong sell off which noone expect and as a result usd/jpy fall 4% in two days as euro also find bids on the last day of the week.

Market has still not come out of any conclusion and news from us and chinese data still be eyed for riskier assets.

Point to follow for price action traders here is what to expect from market at the start of the week when trading resume, so good signs are always seen when market ends the week on highs and lows and pound and euro did exactly that.

We can see accumulation in Dollar before trend resumes

So, for me I would like to see more accumulation on shorter time frames and see if there are enough space for low risk opportunities but even if trend is matured there would be more consolidation and stop hunting before price finally reverses, but chances are too low but market often hints before it start planning its next move.