USD continues to regress from it's heights. At night(NY time) There is a wall of selling as demonstrated in past ideas. Took half of my profits and waiting for some more to hit.
This is my theoretical pattern on a daily time frame we could potentially see in the next month or so play out. I believe this recent move was corrective in nature and we should see some kind of move up over in the next month or so. If you go back to my previous short trade in this pair, you will see I have made plenty of profits to at least put a little bit of...
C at 99.8 (.886) D at 124.3 (1.618 XAD) Then look for retrace: TP1: 114.6 (.382) TP2: 108.6 (.618) I listed other areas I'm watching not tied to this pattern but possible reversal
Conservative target is 81.768 Below 80.5 bottom falls out
I expect that will have a bearish trend, as the chart is looking to be a double top formation
We have fulfilled my initial expected outcome (check related ideas) and broke below 'everyone's stop' like it has been customary in gold this year. I think we're in the prescence of a sideways/megaphone pattern style thing, where we have a false breakout before each turn. The arrows show the false breaks, and the green X's show the turns. I think we can expect to...
A temper tantrum is an emotional outburst, usually associated with children or those in emotional distress, that is typically characterized by stubbornness, crying, screaming, defiance, anger ranting, a resistance to attempts at pacification and, in some cases, hitting (source wikipedia). The Trumper Tantrum is a combination of fears about US trade wars and...
USDJPY approaching bearish zone for about 500 pips drop after it. The 5 waves of C is not completed before entering a short position. Let it complete with a Bearish Gartley pattern. I am waiting
I believe the USDJPY will drop down to the key support level of 103.17. If break i believe it could potentially reach down to the 102.11 level
Short USD/JPY Gartley Pattern 4h
This is where I expect the price to be heading, However I am not in a active trade yet, look for Bullish positions intraday toward the bullish side of UJ until this level. unless anything unexpected happens with BOJ or the Fed.
It's a little bit late for entry, but incase price return back, try to enter. Fibonacci cycle for previous one already fulfil its requirement. Awesome Oscillator divergence already signal of reversal. Optimum Take Profit is 2. IF ! break TP 2, it will go TP 3, which I'm confidence it will. Best of luck. Happy greenpips. fueledbydoodle
As you can see, we can wait the trend line to be broke, after nearly one year up trend of JPY. Wait for the signal to sell