USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.
註釋
This looks right.註釋
I still suspect its a corrective pattern. 144.42 is my target註釋
This is still looking really strong. This idea is likely invalid. I would recommendto not short this.
註釋
The JPY basket at the weekly level is exhibiting descending price action. This is often followed by a reversal. This would suggest the JPY might about to reverse its huge and long bearish trend註釋
Another good call, a bit early this time but correct.註釋
I called 144.42 (conservatively on purpose) we got 145.73. Not bad, not bad at all. How many got even close to this?
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