DayFarrell

USDJPY SHORT CROSSROAD OUTLOOK

FX:USDJPY   U.S. Dollar/Japanese Yen
HERE IS MY EXPECTATION FOR THIS PAIR FOR THE NEXT 2 MOVES, BUT LIKE MOST PREDICTIONS, THE OUTCOME CAN CHANGE. THE SECOND PROJECTION CAN ALWAYS CHANGE BASED ON THE OUTCOME OF THE 1ST. THE CHART BASICALLY EXPLAINS ITSELF.
THE PRICE IS CURRENTLY AT A POSITION WHERE IT IS HARD TO CHOOSE A DIRECTION, SO IT'S BEST TO WAIT A BIT FOR CONFIRMATION, AND THIS IS BASED ON THE 1HR TIME FRAME. ELLIOTT WAVE HAVE ME PROJECTING A FURTHER MOVE UPWARDS FOR A FINAL 5TH WAVE AND THE STRENGTH OF THE UPMOVE JUST INTENSIFIED TO +1 AS OPPOSE TO IT'S PREVIOUS +0.47. I HAVE A BEARISH BIAS BECAUSE THE STRENGTH OF THE BEARS ARE ARE + 1.236, BUT STILL BE CAREFUL BECAUSE THE BULLS CAN GET STRONGER. THE INCREASE RATE TELLS US THAT EACH MOVE WILL BE STRONGER IN RANGE. SO THIS IS WHY I SAY WE ARE AT A CROSSROADS.
YOUR BEST BET IS TO WAIT IT OUT. I VIEW THE MARKET AS A WAR BETWEEN BULL AND BEARS, AND THE MORE MONEY YOU HAVE THE STRONGER AND MORE POWERFUL YOU ARE OF A FORCE. NOW IN THAT VISION, PICTURE ME SMALL AND SKINNY, PRETENDING TO BE DEAD, AND PEEPING OUT OF ONE EYE, WAITING UNTIL THE WAR LOOKS BIASED, WHEN I SEE SOME BIG ASS GIANTS HEADING TOWARDS THE WAR ZONE, SEE ME RUNNING WITH A HUGE GRIN BEHIND THEM.

PLEASE NOTE, SOME STRATEGIES WORKS BETTER IN SPECIFIC MARKET CONDITION. THIS STRATEGY THAT I'M USING TO GENERATE THESE SIGNALS IS STILL PREMATURE, BUT IT IS WORKING WELL WITH THE CURRENT CONDITION. I USED IT TO PROJECT A LARGE MOVE ON THE NZDUSD             PAIR WHICH WE HAD LAST NIGHT, AND ALSO A MOVE ON THE AUDUSD             PAIR, SO IT WORKS ON MULTIPLE PAIRS AND I'M PROCEEDING TO TEST ON OTHER PAIRS AND EVENTUALLY OTHER MARKETS. CURRENTLY IT WORKS PERFECTLY DURING FLATS TRIANGLES AND FLAGS, BUT I HAVEN'T TESTED IT ON TRENDS.


STRATEGY: PHI WAVE ANALYSIS, I NICKNAME IT "THE FREEMASON".
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