I was counting on this to give me a long red bar as before. But that did not happen. I closed on yesterdays lower shadow. And now it's becoming a buy... I'd enter after it surpasses shooting star shadow. Or now... it might be a good buy now...
Looks like correlates should confirm... sell USDJPY
GBPJPY tends to follow along with USDJPY in a less whipsawed route. The patterns match up well...
The setup is looking fractal. I'm going to enter my sell... target 114
LONG USD is looking like it's picking up steam and this is not so great for equities. Possibly terrible.Is this the sign of impending doom the VIX vol trade has muted?
Been dangling like a Floridian chad around 140 for many hours if not days. Shorts on tight stops 140.2.
The daily chart regression channel has been breached above its resistance: bullish. The Intermediate channel on the hourly chart over the past several days is downward sloping and widening its range: bearish. More bearish then bullish in the intermediate next several days. Becomes bullish if, perhaps after, the retracement of current highs, it is able to hold a...
This is as good a place to short as any...
USDCHF AND GBPJPY are uncorrelated, but, for one day, GBPJPY was an identical twin of USDCHF but was born one bar behind. That is, USDCHF gave you a one hour look ahead to USDCHF. Then, GBPUSD broke support and then the twins were more fraternal than identical, BUT WAIT THERE'S MORE! USDJPY touched its upper regressional channel resistance at 113.800 and looks...
Upper channel touch 113.800. Ride down to 109. Trim profits at 111.5
Observe who leads and who lags who and ride this porn star until her teeth fall out.
The day chart is very sticky in its bear channel... Sell if breaks below 112 or if it meets resistance at 113.600. In two days time it will leave the cloud setting up a great path of least resistance down to the lower support of the channel.
For this setup I'm using fractal analysis. There are three gray shaded areas on the day chart and one magenta shaded area on the hourly chart. The Fractal Anchor represents the pattern with the strongest repetition on the daily and the hourly. The Fractal Reflections on the daily represent the sort of bars we expect to see beginning today on the daily. On the...
The pattern emerges this way for me. The arrows represent entry and exit for a great short op on USDJPY.