Hi Simon,
Of course this call had nothing to do with the Ichimoku itself its more to do with the EW concept .. the JPY Pairs are currently experiencing 3 wave upside move and if you notice on my chart 123.71 (it went down to 123.41) was the place for 61.8% fibo retracement.
Hence shorting it wasnt the falvour of the day but waiting for going Long was certainly worth doing
Let me know if you have any other question on chart itself ...
Of course this call had nothing to do with the Ichimoku itself its more to do with the EW concept .. the JPY Pairs are currently experiencing 3 wave upside move and if you notice on my chart 123.71 (it went down to 123.41) was the place for 61.8% fibo retracement.
Hence shorting it wasnt the falvour of the day but waiting for going Long was certainly worth doing
Let me know if you have any other question on chart itself ...
DislikedGreat call on that Asher.
Can you just explain the main reasons you thought that would go up when lots of others were in the bear tent. I just want to clarify the points on your chart.
CheersIgnored