TradingView
TheLurkingVariable
May 18, 2017 3:09 AM

POSSIBLE long on a cup and handle 

U.S. Dollar/Japanese YenFXCM

Description

I published an idea last week about a possible cup and handle for USDJPY and it appears that it may be a good time to resume upward now. I could not say buy now at that point because of the hard run-up on the daily, but more and more, it looks like the dip is finished/finishing...I'm gonna be looking for an entry long here any moment now, could be getting in on the ground floor of the handle...tmrw could be a great day for a pop, especially if the US equities markets recover a little bit in the immediate term, even if just for a matter of hours. Feel free to let me know if you enter or what your thoughts are
More