Dakota2

Dakota2

Hold tight

Dakota2

Investors sometimes are so focused on short term movements that we forget the past. Historically the federal fund rate as averaged around 5+. As shown on the chart major retraction of the usdjpy pair began in 2007 and was made worse with the economic conditions of 2007. The fed from 2007 to now has kept the fed rate around the zero bound area. Zero-bound markets...

Dakota2

Hopefully monday we will see some movement.

Dakota2

Hopefully monday we will see some movement.

Dakota2

I currently see taking a long position to point D as a safe bet than I did before, The market has come to understand the feds policy for long run. This is going to help possibly take the pair out of the triangle and above the 103 mark set in march. The likely hood for this is narrow and a reversal downtrend at point D could set in a new bearish wave.

Dakota2

This pair is highly volatile, Here is a multiple scenario situation.

Dakota2

Double top formation to point C, reversal to D.

Dakota2

The bullish run this pair made last night will now begin to retract here soon. The PAIR is starting to form the double tops which are characteristics of a reversal trend. the MACD and the RSI also support this.

Dakota2

We could see a small flash drop contraction tonight.

Dakota2

Short run

Dakota2

Long run game needs to be focused on the downtrend of the second triangle. Don't worry about the fed or the BOJ QE, Keep short and hold at the bottom trend.

Dakota2

Full bear at this point.

Dakota2

False breakout retracted then broke 99.094 support.

Dakota2

with the volatility of this pair I am becoming more and more bearish

Dakota2

I was very bearish on this play but luckily I followed my gut. Two more hurdles remain for the pair.

Dakota2

This pair has more uptrend left in her. I believe that the pair will be tested at the 99.50 mark, from there we will know if this recent uptrend is the end of the bearish year its had or just a bullish flash.

Dakota2

Finally

Dakota2

down trend short