nmike
Long

USDJPY- DUAL CLONING ANALYSIS

FX:USDJPY   U.S. Dollar/Japanese Yen
3193 29 34
Significant L-H- L pivots were used to draw a triangle, clones were placed at right bottom corners in effect creating an up channel. A horizontal reference range was also added and cloned. R clone 2 boundary targets were achieved, price found support at bottom of R clone 2 and rose back inside triangle(channel).The week finished with a test of bottom of triangle and a bullish candle,quite likely that price hits top of R clone 2 near term.
MakisStratis
2 years ago
looks nie but how you trade that patterns ?
+2 Reply
nmike MOD MakisStratis
2 years ago
Clones are not patterns like head and shoulder, flags and so on,they are used for support / resistance and price projections. In the last 2 weeks price held above reference range and rose above the channel(triangle) so the weekly frame is saying to go long on any pullback on lower frames with price target to top of clone. Just as an example you might place a long entry at oversold rsi and or bottom of channel on 1 hour frame.
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+4 Reply
Mike, thank you very much for the update!
+1 Reply
nmike MOD charttrader
2 years ago
Your welcome :)
+1 Reply
afman
2 years ago
I really like the way that that May through September respects this setup. Good luck to you with your triangular endeavours.
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nmike MOD
2 years ago
......near term target hit
+1 Reply
nmike MOD
2 years ago
......amazing how many Clone targets were hit in such a short time....candle stick price action suggests further upside, next near term target is Key resistance 1
USD / JPY monthly update
+1 Reply
We got 120 and 115 all in within two weeks.
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Interesting Chart Gold Vs Yen
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Looking at recent swing in gold prices tells us where the source of this momentum is coming from and that's the recent move lower in the Yen or in other words, higher USDJPY.
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Any new charts coming out?
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nmike MOD QuantitativeExhaustion
2 years ago
Clones update.... long term up trend still intact...next target (likely) to 124 if we can get passed red dotted line resistance
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IvanLabrie PRO nmike
2 years ago
Agreed
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FXKOPPA nmike
2 years ago
thanks for the update next clone instance.
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nmike MOD FXKOPPA
2 years ago
y w
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nmike MOD
2 years ago
.....approaching key confluence resistance area
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BoonOng nmike
2 years ago
It is getting near to that resistance level of yours. =)
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FXKOPPA nmike
2 years ago
current update?
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nmike MOD FXKOPPA
2 years ago
.....likely trend line just above resistance 1
USD / JPY monthly update
+1 Reply
nmike MOD
2 years ago
.....3 upside key pivots to watch for....also a 50% mark between pivots that are enough far apart
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nmike MOD nmike
2 years ago
.....that should read 2 Key pivots
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FXKOPPA nmike
a year ago
I think that , it will stop now at 135, thats my hunch though I m not following jpy nowdays , but it seems that , if it breaks 125 and retest surely i will buy it til 135
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FXKOPPA FXKOPPA
a year ago
Can you post latest chart ?
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nmike MOD FXKOPPA
a year ago
At this point it's become a bit more complex to continue with original Clones set up, There comes a point where it's best to draw new Clones.I'm making this update more simple...
...UJ trend is still up, price has broken above reference range & short term stoch momentum moving up,likely to retest trend line near term
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FXKOPPA nmike
a year ago
thanks for posting
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nmike MOD FXKOPPA
a year ago
no problem....25% Clone already ....
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nmike MOD
3 months ago
>>>>UJ near Key long term support
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FXKOPPA nmike
a month ago
@nmike, could you please update with play option?
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nmike MOD FXKOPPA
a month ago
Hello! reference channel & Clone boundaries still valid, just extend channels to the right
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