Entry @ 82.114
Stops above the zone ( added few pips, I may adjust a little bit later)
1) Take profit 1 = 38.2%
2) Take profit 2 = 61.8%
I'm a bit concerned with the time at mode signals in gbpjpy and nzdjpy, as well as the Nikkei.
The downtrend signal that triggered the massive selloff has expired. This short would be merely a bounce, since it appears that the Yen is in a non directional state, after the shock. I don't expect a large trending move, in fact, my tp is similar to the pattern's target (see my NZDJPY publication).
What's your take on the Nikkei and GBPJPY gents?
Did you see my currencies valued in gold analysis? (see the comment section please)
Let me know, I'd be interested to know what you think.