I don't get all the interest in Eur/Jpy? When Usd > Eur > Jpy why trade the weaker option? Eur/Usd is sitting rather heavily (imho) on 1.3240
Gone to a better place
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Disliked{quote}... anything that happens to me that makes me think i know what i'm doing makes me lose money! ...Ignored
Disliked{quote} more i look at this as it sits confined between the 50 and 61.8 fibos of last weeks downmove, i see the extended 4th wave of a higher order 3rd that can reach about 102 before significant retrace. early expected it to hit the 76.4 fib (98.95) and pull back, but a lot of energy is stored up by now so i think a full retrace to 99.94 is coming... will see in a few (have removed my TP just below 98.95)Ignored
Disliked{quote} ppi a little $ neg, but .uj still respecting the inner tl, and the longer it consolidates, the farther it will go when it breaks 61.8Ignored
DislikedHarmonic butterfly pattern will take USDJPY down to 94-95 before heading north again. We may briefly spike up above today's high over the next two days, however this spike will only be to take out stops before heading south. Sell at 98.00, targeting 95.00 where I'll place a Buy and target 100.00 over the coming month.Ignored
Disliked{quote} I used to think that as well, but I see two scenarios unfolding. The current consolidation is very crucial to which direction this will go. Either this will go down to 95.3 testing the bottom trend line before going north. Or the current 98.5 level will break, seeing as the BC leg completed on Aug 9, and go north and making new highs at 104-105. I personally am betting on the latter, seeing as Cable and EurUsd seem to be dollar bullish. {image} {image}Ignored