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Uj

CHFJPY a secret explosive opportunityCHF did not get the attention it should from my research on UJ seasonality. Although it often crossed my mind I have not taken time to completely turn this pair and its history inside out. Something in the back of my head says CHF is the root cause of a lot of movement in the market nowadays... Coming from JPY cycles research I quickly and dirty concluded that CHF correlating with EUR a similar if not better long opportunity had to be than EURJPY for example. Looking at its performance it is still the king of the market honestly, way overvalued but rock solid and investors love to flock to it as a safe haven. Therefor I expect it once more to strengthen against all majors and make CHFJPY and interesting opportunity because of the USD, JPY & CAD triangle crash in the making as we speak. Happy trading CHFJPY Long from time of posting till JPY detaches from USD as it crashes. Where that exactly is I don't know and believe it will be strong depending on speculation. Perhaps JPY this year's low of early 2018? Time will tell. In the meantime I have bought this pair.
Long
by Deep-Peat-Shark
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth