Spot Chart For Those that get confused over the CME deciding to quote Yen futures opposite to Spot.
"Look Left Think Right"
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Disliked{quote} Thanks for the chart. For it to cross this humongous cloud the selling has to be pretty sustained effort. Not that it is not possible but with the fomc coming up this wed......, my view is the tenkan will wrap around the kijun at some point with the kijun flat on the left at the day separator as a strong resistance level, which points to today or about now. Btw I watch ichi n fibs for levels.Ignored
DislikedSpot Chart For Those that get confused over the CME deciding to quote Yen futures opposite to Spot. {image}Ignored
Disliked{quote} Dear Albchr, Good analysis as usual. we have almost similar targets. Can you please post your analysis with fib and targets on the chart, There seems to be difference in targets. I just want to compare your fibs with mine and to see how you derive at your numbers. My chart is already here if you want to see. Thanks .Ignored
Disliked{quote} Thank you ... do u usually trade once price enters the cloud? or wait for a break out of it?Ignored
DislikedQuoting albchr {quote} On weekly - (mine closes 2 hours into Sunday night ) we have a near perfect hit and rejection of the last major swing's 161.8 extension. Again a good sign. If the pattern holds by the ratio (they do more often than not) I'd expect an overall primary target of 111.803 with a rather strong reaction at 114.865. Should that give way, test and hold the primary target is likely with a potential extension to SR at 110.615. {image} On daily...Ignored
Disliked{quote} This is a 12Hour cloud best to use as a pivot for turn around in direction or a good scalp zone as the price tends to rock back and forth a handful of pips liken'd to a heavy ship in a upset port. lower Kumo's 4Hr and 1Hr are more like liquid metal and require other factors for logical entry.Ignored
DislikedThank you to all on the tread. It helps to know the view of others. If not for this tread and trading on my own, might have blown my account with Yen yesterday!Ignored