YES or NO?

The world is waiting.

Waiting to hear YES or NO about the QE3 and about the European bonds purchases.

But as long as the market is moving based on rumors, all we will get is fake moves and false breaks and move attempts.

For today, I suggest following the CADJPY on 4H chart, as it might make a move soon.

As we can see, from one of the resistances levels the correction to the 4H 20 MA should begin, while the deeper support is the final target for the expected move. Protect with SL above higher resistance.

Have a wonderful day

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.