If you are in trouble, make it double: The masters of disaster
When one Magician is out of ideas and suffers to prove his force of magic, what can he do??? He calls the big master magician for help!
Kuroda is close to offer a harakiri to his "boss", as his policy is turning into a complete failure. So he calls the biggest master of disaster, Ben Bernanke: "Teach me more Master!" And Ben has arrived... I hope he had the style and landed with a helicopter instead of parking in with a car to BoJ building. :-D The two magicians are now up to something. For sure they will brainstorm how to stop at least temporarely the plunge of USDJPY. Will they succeed? Will market believe them? That we'll know only from the chart price action.
Weekly:
- Huge bearish trend, but price has reached the most critical support/resistance at 100-101 zone. BoJ must do something here, no just crying "Help-Help", or else they lose the game.
- Heikin-Ashi price action shows bears started to chill down. Higher lows, smaller candle bodies, with close at/above key 101. haDelta/SMA3 crosses up from extreme low print. The signal this week will be very important. It may point to a multi week reversal!
- Price is also too far away from Kijun Sen (26 weeks average). Market requires consolidation / pull back.
Daily:
- Bearish Ichimoku with strategic support at 105. In case of a break above 105, market could test 110-112 area later.
- Heikin-Ashi deliveres a bullish swing signal. What is more important, in haDelta we have a loner and a shorter term positive divergence.
4H:
- As I showed you on Twitter this morning, this time frame is full of bullish divergence! Since my morning call ard 101,50, market climbed higher at truned Ichimoku picture to neutral from bearish.
- 102 is a very important short term key level. Above that space opens to minimum 105.
- I don't know if we see one more dip, or an immediate rip from here. In case of a dip it will be important if mkt prints a higher low. Then buy next HA bullish signal. If we straight break above 102, then buy only small, and add more on pull backs.
I think it is time to cut bearish bets. Also we can start building some bullish positions, but be careful how big and when you buy!
Kuroda is close to offer a harakiri to his "boss", as his policy is turning into a complete failure. So he calls the biggest master of disaster, Ben Bernanke: "Teach me more Master!" And Ben has arrived... I hope he had the style and landed with a helicopter instead of parking in with a car to BoJ building. :-D The two magicians are now up to something. For sure they will brainstorm how to stop at least temporarely the plunge of USDJPY. Will they succeed? Will market believe them? That we'll know only from the chart price action.
Weekly:
- Huge bearish trend, but price has reached the most critical support/resistance at 100-101 zone. BoJ must do something here, no just crying "Help-Help", or else they lose the game.
- Heikin-Ashi price action shows bears started to chill down. Higher lows, smaller candle bodies, with close at/above key 101. haDelta/SMA3 crosses up from extreme low print. The signal this week will be very important. It may point to a multi week reversal!
- Price is also too far away from Kijun Sen (26 weeks average). Market requires consolidation / pull back.
Daily:
- Bearish Ichimoku with strategic support at 105. In case of a break above 105, market could test 110-112 area later.
- Heikin-Ashi deliveres a bullish swing signal. What is more important, in haDelta we have a loner and a shorter term positive divergence.
4H:
- As I showed you on Twitter this morning, this time frame is full of bullish divergence! Since my morning call ard 101,50, market climbed higher at truned Ichimoku picture to neutral from bearish.
- 102 is a very important short term key level. Above that space opens to minimum 105.
- I don't know if we see one more dip, or an immediate rip from here. In case of a dip it will be important if mkt prints a higher low. Then buy next HA bullish signal. If we straight break above 102, then buy only small, and add more on pull backs.
I think it is time to cut bearish bets. Also we can start building some bullish positions, but be careful how big and when you buy!
