IvanLabrie
Long

USDJPY: No brainer buy

FX:USDJPY   U.S. Dollar/Japanese Yen
660 15 23
USDJPY             testing the vixfix spike support, where smart money drove price up after a panic drop.
Rgmov is in an uptrend, this might be a large rally!
Buying here, stop at the downtrend signal target, matches 1 atr nicely.
Props to Nick Coulby for showing me the setup.
Good luck!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
FullTimeTrader
a year ago
Long term im also bullish but not now, i would buy lower near the trendline supports
snapshot
+1 Reply
snapshot

Options expiration will make it fly with these.
Reply
IvanLabrie TOP IvanLabrie
a year ago
snapshot
Reply
123.352 might be 'the' low.
@FullTimeTrader: time/proportionality is off per neowave rules. I think this is a giant diametric pattern (not using traditional EW myself)
Similar projection though.
+1 Reply
snapshot


2 days left, options expiration/lockout next.
Reply
IvanLabrie TOP IvanLabrie
a year ago
This last image has the correct EMA settings...price above 66 period EMA. (1 quarter)
Reply
FullTimeTrader IvanLabrie
a year ago
Thanks for the information,i will be prepared to close my short positions and look for longs depending on price action. Regards.
+1 Reply
IvanLabrie TOP FullTimeTrader
a year ago
Thanks for the comments!
I'm not seeing this as an abc, hence my strategy. There's a pending monthly uptrend target as per time at mode.
Reply
moneymaking
a year ago
BULLISH CYPHER PATTERN completed on 4 hour with ABCD pattern on 60 mins:
snapshot


snapshot
+1 Reply
China data helped reach the bearish time at mode target.
Let's monitor it, stop technically not hit.
Reply
Situation changed:

snapshot


Stop hit.
We need to wait to see a daily high taken out to buy, or wait for time at mode expiration which is the 25th. We have options expirations and big news tomorrow. Let's wait.
Reply
moneymaking IvanLabrie
a year ago
Even the cypher is invalidated by the market :(
Reply
IvanLabrie TOP moneymaking
a year ago
Yes, fundamentals usually change technical patterns.
I'm watching, for now the safest trade seems to be to short gold on a retracement. It already fell, and didn't invalidate the monthly setup (1168.63 high
,stop was 1171.89). I didn't take it but I'll wait for a retracement and an hourly setup, it's more or less confirmed.
Monthly target remains at 913.

Reply
USDJPY sitting at a perfect monthly buy level.
Not taking it yet, but you could go long with a stop at 119.327, and aim for a retest of 124.458. I think it'll go even higher though.
Reply
USDJPY cut through the smart money vix spike support...It's below both yearly and quarterly EMAs and it seems like it won't recover from here.
GBPJPY is the same, we might be better off selling any rally.
Reply
Ideas Scripts Chart
United States