Probably my first video here on trading view. i am looking for a very long term short on usdjpy. But now we are facing a short term long, in order for price to fill the fair value gap to balance price.
we seen price breakout of the rising wedge. and it started to lose momentum resulting in a double bottom and broke out of our counter trend. we are expecting long positions.
price made a very clean push to the downside. now we have reached our reversal point. waiting for price to atleast give us a double bottom , before fully confirming all our long positions.
As expected price going up to give us a pullback. after the break of the pattern. once price give a lower high we are looking to add more selling positions.
i sent a previous analysis indicating a possible selling opportunity if price break the chart pattern and price did exactly that. now we are expecting a possible correction(bear flag), before we continue going bearish.
In correlation with dxy we may see possible selling opportunities at the break of the pattern. If there is now downward breakout the we may expect a bullish continuation
after the pair gave us a strong bearish movement we waiting for price to give us a retest at the minor zone so that we may continue with our shorts positions
us30 has been in a quite correction for a while and ended up giving us the ascending type pattern. we are expecting to take our buys at the break of the pattern or the zone area
when analysing the JPY INDEX it shows that the JPY is losing strength, as it has broken out of the ascending type pattern. This is a signal that we are going short on JPYXXX and long on XXXJY .
with correlation with the DXY we can see a high probability sell set-up on usdjpy. and another scale in opportunity when price breaks the small ascending channel
