Hitting Multiple Resistances

Big simultaneous pitchfork and Month R4 pivot hit. $USDJPY $GBPUSD $DXY $GLD $GDX

Comment:

First target would be back at Month CAM R3 near 145.85, then August close @ 143.85.

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I will wait for 112.500 area near Weekly CAM R3 and 78.6% retracement on USDJPY to start stabbing at this.

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The AB=CD level is also very close to 112.50.

Trade active:

Started shorting once UJ hit that 112.43 AB=CD mark and precisely when GJ hit the year VWAP in the main chart picture.

Entry = 148.25.

Comment:

Setting stop to 150.00. Currently down -0.75.

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Nearly stopped out yesterday, big fake move in GU, as it is down nearly 200 pips today after May's comments. Yikes.

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Parallel channel rejection confirmed. Adding to short here.

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Big down leg coming.

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GU is entering the seasonal top last week of September. It usually bottoms out mid-November, which is more pronounced during midterm and presidential election years.

imgur.com/a/wQ5ERWl

Comment:

Big shift after the fed, money into bonds and yen, out of stocks, EU, AU, GU.

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Still chilling waiting for the drop

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After playing with year VWAP for weeks, this trade is finally showing life.