Some of my forecasts
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I was out of EURUSD & EURJPY with a profit. I want to enter EURUSD at a lower level 1.3075 and EURJPY at the break of 103.30.
USDJPY is moving all the yen pairs however when EURUSD resumes the north side, we must watch EURJPY.
The most imp thing to look now is yen pairs.. whether any reversal after such long bull run.
Regards
Raj
USDJPY is moving all the yen pairs however when EURUSD resumes the north side, we must watch EURJPY.
The most imp thing to look now is yen pairs.. whether any reversal after such long bull run.
Regards
Raj
Raj, we were seeing eye-to-eye on that. I just went long at 103.33.
As per my Weekly Forecast, the USD/JPY to circa 79.25. I'd like to see a topping out closer to 81.00, then it will give a more predictable and forceful move back south. I'm just tired of all the lethargic action we've seen from it in the last 6 months
As per my Weekly Forecast, the USD/JPY to circa 79.25. I'd like to see a topping out closer to 81.00, then it will give a more predictable and forceful move back south. I'm just tired of all the lethargic action we've seen from it in the last 6 months
I don't know where both pairs are willing to go as The daily's of both the pairs are at its ultimate equilibrium where the candles are in between the tenken and the kinjun ! The top of the cloud hasn't been hit yet It has to but I would look for the daily kinjun to be the level that will push the pairs higher
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Price Action--VIII
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Pirate, excellent point, and by coincidence, your timing could not be better for my 8th insertion in the series.
When markets get volatile, the approach is not always as straightforward as previous examples. Once the swing low/ high is broken, and the corresponding move was not made, then hang on. It is still forthcoming.
I drew the line at the swing high. That is containment until business has been taken care of to the south. Because of the long pullback, if you look to the west for the previous swing low, that will probably contain the move before we get a reversal. That is not always the case, just a general rule.
What is the case, with hardly an exception is the dynamics of what I described in this insertion.
LOL, Pirate. When we make a PDF out of this series, your name will be in that book.
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Pirate, excellent point, and by coincidence, your timing could not be better for my 8th insertion in the series.
When markets get volatile, the approach is not always as straightforward as previous examples. Once the swing low/ high is broken, and the corresponding move was not made, then hang on. It is still forthcoming.
I drew the line at the swing high. That is containment until business has been taken care of to the south. Because of the long pullback, if you look to the west for the previous swing low, that will probably contain the move before we get a reversal. That is not always the case, just a general rule.
What is the case, with hardly an exception is the dynamics of what I described in this insertion.
LOL, Pirate. When we make a PDF out of this series, your name will be in that book.
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