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USD/JPY Discussion

Quoting ForexGoose
{quote} it can be flat for months
it was a short term comment
Quoting OBsayMkMoney
Short.. Got out my long at the top of the channel. Short now for a possible ABC off 4hr. Target 126 area.
daily & weekly candle chart show us 122 ~ 121
Quoting hussin naiji
{quote} daily & weekly candle chart show us 122 ~ 121

Perhaps.... I don't trust this pair to perform perfectly. For a valid ABC the C extends beyond the A. A is at 127.6 from what i see with a Fib extension the 100 percent is 126.0005. Now I agree with you that most times it goes to the 161 which is more aligned with your process, but this being my first target, and this being the crazy pair it is. My safe target is that 126. If it is going to blow through it, we should I think have some rather bearish candles, approaching the area, and I will adjust. God forbid they extend the channel down and we bounce off there yanno!
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  • Last Post: May 20, 2:52pm (33 hr ago) May 20, 2:52pm (33 hr ago)
Tried to short jpy, got a some profit. Waiting move from current flat for next entries.
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