We have a potential short setup in the Pound/Yen, where a time at mode uptrend might fail against resistance.
Price also appears to be completing a rising wedge, so if indeed valid, the move down will be very sharp and lead to a retest of the lows in 1/3 of the time that it took for it to go up.
I've used the futures symbols as a ratio to give me an indication of...
The chart tells a story and the story unfolds bar by bar.
The weakness on the previous analysis (see link below) was not confirmed, the market failed to close lower on the next weekly bar.
This time I will use the futures contract, in order to see the volume. I have worked with LazyBear over the weekend on a new tool, and I want to thank him for his amazing work!
Looking at the weekly chart, there are strong hints that a reversal is coming. The Force Index, tuned with some Keltner Channels (which took a lot of work) tracks the reversals. The...
