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LineKing
Feb 4, 2016 12:01 PM

Nice Symmetry and TL hold on the Yen Long

U.S. DOLLAR / JAPANESE YENICE

Description

Can it go quite a lot lower - sure - but would still be in trend.

Long 117.55. Stop 45. Tight stops (always), but esp in these markets
Comments
LineKing
Adj SL to 116.4.

Taking a bit of a cumulative pain trying to get this turn.

If stopped here will wait to see what happens around c.114
LineKing
The Lion usually sleeps at night....have the jackals/bears had enough? LONG here 119.94. Risking a risky 45 @ 119.5 stop, While the Chinese are away, the bulls will play....??? Dunno, All about R/R. Target 123....ish
LineKing
Boing??
Csys
Csys
But don't you think the latest top was lower than expected, which is a sign of weakness? Here's how I see it:
LineKing
Def look fugly on a weekly long-term basis.

Short-term I think it rips as long as 116.5 holds. DXY at poss support
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