FX:USDJPY is in a harmonic move these days. There was a bat pattern and now we are in the next bat pattern. And this is a great opportunity to go short. As we see price has not hit the D leg yet. We have an additional confluence bearish divergence. The R/R is very good, stops go above 120.26 and our targets will be 119.21 and 119.79. Look for structure...
Here comes another chart which many people will say is nuts until proven wrong as always.
The fun part with saving charts here on TV is just that. To save the charts so you can use them later
and rub them in someones face, or contact Admin trying to hide your failures (which he wont trust me I have tried ))
Anyways,
UJ is a sell on every buying rally for me....
This pair as long as it stays within this chanel and triangle couild go either way but in the medium and longterm is still bearish. I am looking to go short
Our preference: Short positions below 120.15 with targets @ 119 & 118.75 in extension.
Alternative scenario: Above 120.15 look for further upside with 120.55 & 121 as targets.
FX:USDJPY
Short the Gartley
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Long the Bat
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Ratios:
Safe Trades;
This is my favorite trade from a fundamental perspective at the moment and is the best way to position oneself following the FOMC interest rate decision. Due to my bearish sentiment on US equities, the flight to safehavens like the yen is a theme I am very confident will play out.
Interest rate maintenance for the US dollar now clears the way for the yen to...
We have a nice completed bearish cypher with the confluence of resist level @120.96.
In addition nice channel where price found resistance and right now is in consolidation phase.
Our targets are 12.38 and 120.09 support levels.
Keep an eye on todays Rate decision for USD!
Avto_T
Green...
On all higher TF'S, Im seeing short.
We have the MA'S crossed over to the downside on weekly and daily. There is price action signalling bearish. In addition the candles have been rejected by weekly resistance and have broken a trend line signalling weakness.
I see bearish all the way! What do you see?
I have used fibs to help find my target if this pair...
