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cryptcowboy
Jan 16, 2020 12:05 AM

#Yen weekly chart update !  Long

E-mini Japanese Yen FuturesCME

Description

The futures chart suggests we are very close to be breaking out of a 4 year consolidation ( in this case barrier triangle ) in the price of Yen. This move should last aprox 2 years ( i am looking for wave equality of C vs A) , which looking at the macro global picture means that we should be getting ready for a period of strong risk averse sentiment , turbulent equity markets and overall defense style approaches. The catalyst for this remains to be seen, but the charts are telling you this before it happens. Buckle up !!
Comments
Rockqet
excellent analysis! we have the same bullish bias, check it out
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