USD/JPY SHORT INTO 2020
SPX correlation to the Yen paints the exact same picture as December 2018 with a correction of the stock market imminent.
Structures repeat themselves and coincidentally it seems risk sentiment is also the same at the same time of the year as last year (Trade uncertainty & Brexit uncertainty).
FUNDAMENTALS aside, this bearish bias is supported by a very convincing structure :
Impulse + 3 touch correction with additional confluence + possible continuation = A very rich MF
Structures repeat themselves and coincidentally it seems risk sentiment is also the same at the same time of the year as last year (Trade uncertainty & Brexit uncertainty).
FUNDAMENTALS aside, this bearish bias is supported by a very convincing structure :
Impulse + 3 touch correction with additional confluence + possible continuation = A very rich MF
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