After strong retracement back to 618 there could be a nice opportunity to get short here.
Comments
RrrussT1
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Yes, I agree with "QUICK SHORT." ONLY quick, then reverse, ok?? I'm short right now. Read my other posts here this morning .. to trader dintale .. ..
thegrowmoneymovement
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@RrrussT1, if you notice, we hit this to the upside on the bullish Gartley you see a couple trades ago. Some resistance here should send him continuing back down..
RrrussT1
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@thegrowmoneymovement, I've been following a number of traders on Twitter, I especially like @BamaBroker because his mind works like mine somewhat. Many hours a week I'm watching UsdJpy 1minute 5, 15, 1hr & 4hr; while moving to Daily Weekly and Monthly to get longer term trendlines. CBs (Central Banks) have been manipulating the Yen and USD .. especially to attain what the FED calls the "Wealth Effect" .. that is ALL TIME HIGHS to make Americans "Think/Feel" like everything is going really well. Following 24/5 while Forex is open I see the BOJ doing its "ramping" Itself Buying the Dollar and selling the Yen most often during 'low liquidity' but also defending certain Levels during Busy Trading.
The goal this week I feel is for them to artificially Jack-up the USD so that we in the USA get the @DOW20k to Officially Break the 20,000 point Barrier.. another in the string of "All-Time-Highs" thinking USD will retain it's Status of "World-Reserve-Currency" and so remain "King Dollar." Just sayin' that BOJ & cohorts will break @DOW20k this 20,000 mark BEFORE it breaks seriously down for a REAL Retrace. We CAN have SHORT Positions, but be ready for it to SPIKE Higher THIS WEEK .. BEFORE Trump Inauguration. After DOW Breaks 20,000 then the UsdJpy fall May be Extreme. Happy Trading.. Keep One Eye Open .. even as you sleep .. it's gonna be fun Boys and Girls!! Russ