As last weeks chart predicted a AB=CD move might be in the making. Expect last weeks prediction to continue.
Comments
FxRanger
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it is very hard to predict were is stop........market messy .......
FxRanger
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short from 136.395
TAS_is_Goliath_Capital_Growth
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That's a good entry. Yes it's going sideways, this is how I think it will go from here
FxRanger
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133.857 ??????
TAS_is_Goliath_Capital_Growth
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My stop was fist at B not at the trendline test, I got in some days ago
FxRanger
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Hi. Really good idea, where is the stop for short ?????????
sam.aziz
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I like this analysis but I doubt this will happen in the next few days/weeks. We will have to go up a bit more maybe to the mid to high 150s before we continue the plummet. Even according to your chart the 34MA has already crossed above the 200MA which is a bullish sign. I think the better trade is to wait for the price to come down to the 133.00 -134.00 area @ your 200 MA then go long. Here is what I think. I hope you tell me what you think. Good lick to all of us
TAS_is_Goliath_Capital_Growth
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Thanks for the comment. I see what you are saying. I'd like to see a cross of that support to feel more confortable.
sam.aziz
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Yea i just looked at the other yen pairs and people seem to be divided on them as well lol. I agree that we are going down without a doubt. This is a massive downtrend I just differ with you "and the others" about when and what price would be ideal to sell. I guess time will tell. Thanks for sharing :)