Robert24

USDJPY Daily to go with 15 min chart

FX:USDJPY   U.S. Dollar/Japanese Yen
394 1 3
This is the channel method on the daily chart , to correlate with the 15 minute on USDJPY             . Unfortunately, it's hard to control the fib circles because the center keeps moving. On my Kyplot program I zoom in and can adjust each side of the ellipse. Once the shape fits properly I lock it's shape.
***The easy way to make an ellipse with a steady center that moves with the ellipse is to first draw a very small ellipse, center it over the key point, then draw another ellipse over top of it. I then GROUP the 2 ellipses so they move together.
This method works excellent. I have a chart in "ideas" showing ellipses on TXN             , all the same "aspect" and size.
Your method seems new to me, but as far the targets are concerned, 99 region is where its at.
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