Welcome. Let's go down the rabbit hole for a minute.
What if..
We could predict the future?..
Never hurts to try..
Please start at Pt 1. the 1 Day model of USD.JPY
Technical:
Use your eyes.
Your human eyes.
Cajun Cup #1 is repeated from 1995 to 2008.
However, a new signal presents itself in the mirror image.
Crypto.
Projections match.
Cups...
Hello Guys,
Pretty nice formation in the last 24 hours. For now, I'm waiting for a close above that resistance trend line and for that reason, I will place a buy stop at 148.
My trade plan is here forex.today
Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
Usdjpy recently Broke the structure from 115.20 to 112.70, Currently taking support around 38.2% fibs Levels. Any break at 111.98 level will give lead it to 61.8% fibs level (pullback can be around 50.0% fibs level)
I am looking it to Pre-Election levels. i.e 107-109
Now that the Brexit risk has been realised the mentioned pairs above will share some correlation this week as the market changes between risk-on and risk-off as MANY on the events continually drive the sentiment shifts.
My Plan & Expectations
USDJPY
1. My conviction for UJ is long 8/10.
-UJ traded to lows of 98.9 in the midst of the brexit hype, as the...
Fundamentals:- Fundamentals:- There is still the divergence between the two central banks where the BoJ are willing to do anything to get inflation back up to 2% and the US FED are in a rate rising cycle. The JPY is being used as a safe haven currency and can strengthen at any risk off point in the market. We still expect a correction in the USD/JPY throughout the...
