Don't overthink it, play by the rules
There is a time to break every trading rule you have but this isn't it. If it wasn't clear before, we're into an extremely volatility market now.
This is the reckoning. Central banks have no idea what's going on and the market is delivering a vote of no confidence.
Here is the guideline to follow to trade these markets: Keep it simple.
This isn't the time to overlay 15 lines and indicators on a technical chart. Look at USD/JPY. It took out major support at 115.50 and it's gone into freefall. Sell the big breaks, don't buy it back until the big support and hang of for dear life.
This is how I explained it back on Monday.
