after one more up thrust, there could be a shot for about 15 pips to the down side.. But not until it breaks the 88.900 mark ..not worth it in my eyes..
after one more up thrust, there could be a shot for about 15 pips to the down side.. But not until it breaks the 88.900 mark ..not worth it in my eyes..
could challenge the 100 ema on the daily .. or run up to 102.206 area .. not sure .. but know means is this pair out of the woods i would only look to short for a long while..
could challenge the 100 ema on the daily .. or run up to 102.206 area .. not sure .. but know means is this pair out of the woods i would only look to short for a long while..
could challenge the 100 ema on the daily .. or run up to 102.206 area .. not sure .. but know means is this pair out of the woods i would only look to short for a long while..
USD/JPY is the pair I am talking about
Quote Originally Posted by Knoxpoker:
could challenge the 100 ema on the daily .. or run up to 102.206 area .. not sure .. but know means is this pair out of the woods i would only look to short for a long while..
FXStreet (Bali) - The risk of having marked a major top in USD/JPY,
according to Thomas Anthonj, FX Strategist at JP Morgan, has increased,
although would only be confirmed below 100.62.
Key Quotes
"Looking
at the big picture of USD/JPY we are still missing the final evidence
whether a 5th wave top could be in place at 105.48 or whether we are
still missing a minor 5th wave advance towards 105.65/106.68 (monthly
Ichimoku lagging/monthly trend)."
"As long as massive support
between 102.08/101.54 (int. 38.2 %/pivot) and 100.62 (internal wave 1
top) is not taken out we might potentially still be missing a 5th wave
advance. Below 100.62 though, the downside would be wide open for a
minimum setback to 95.65 (38.2 % on higher scale)."
FXStreet (Bali) - The risk of having marked a major top in USD/JPY,
according to Thomas Anthonj, FX Strategist at JP Morgan, has increased,
although would only be confirmed below 100.62.
Key Quotes
"Looking
at the big picture of USD/JPY we are still missing the final evidence
whether a 5th wave top could be in place at 105.48 or whether we are
still missing a minor 5th wave advance towards 105.65/106.68 (monthly
Ichimoku lagging/monthly trend)."
"As long as massive support
between 102.08/101.54 (int. 38.2 %/pivot) and 100.62 (internal wave 1
top) is not taken out we might potentially still be missing a 5th wave
advance. Below 100.62 though, the downside would be wide open for a
minimum setback to 95.65 (38.2 % on higher scale)."
This could be a sign of a mere dead cat bounce or it might be trying to shake out longs to move higher..
t
I love this idea.. the shorts buy stops will get taken out @101.740 you have macd divergence on the 15 min and a macd cross there.. retail trade buy stops just above that ..I loke the area around the 101.200 area plus or minus a few pips .. you have a round number , retail support and bank support around that level.. this pair will go up some more before we drop again ,, ( I think)...
Quote Originally Posted by wallstreetcappers:
We are getting a bit of a retrace tonight..
This could be a sign of a mere dead cat bounce or it might be trying to shake out longs to move higher..
t
I love this idea.. the shorts buy stops will get taken out @101.740 you have macd divergence on the 15 min and a macd cross there.. retail trade buy stops just above that ..I loke the area around the 101.200 area plus or minus a few pips .. you have a round number , retail support and bank support around that level.. this pair will go up some more before we drop again ,, ( I think)...
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