USDJPY: Weekly uptrend fired

FX:USDJPY   U.S. Dollar / Japanese Yen
1071 5
This is an update to my previous publication. We now have full confirmation of a weekly uptrend aiming for 110.141 by December 23rd or sooner.
If not long you can buy new daily lows, or dips to 102.8 after this week's close. Jumping in now, is not bad, but not optimal.
This uptrend probably implies that the smart money is getting into new leveraged positions for the last quarter of the year, largely bullish for equities, so, we might return to Yen, Bonds and Gold being opposite to S&P500 again in this risk on rally.

Good luck,

Ivan Labrie.
Oct 06
Comment: "Jumping in now, is not bad, but not optimal."

If someone did, in profit already.
Oct 07
Trade active: Now is when you add.

Oct 10
Comment: Add to USDJPY longs again if we break above Friday's high: Entry: 104.023, stop 102.126, target for all 110.141, risk 0.5% on it.
Oct 10
Comment: (the add on trade already in good profit from entry)
Oct 11
Trade closed manually: I'm out for now.
Oct 12
Comment: I got back in using a tight stop today, entry: 103.86, stop 103.59.
Oct 12
Oct 19
Comment: I banked short term longs before this drop, I held my long term entries, and bought yet more long term positions a day ago and the day before.
Buying gradually on each daily dip.

Related Ideas

In regrards to RgMov what are some clues to obtain this "hidden" formula?
IvanLabrie CarnellTate
You can subscribe to the 'Key hidden levels' indicator pack for $20 a month.
CarnellTate IvanLabrie
CarnellTate just now
I'm curious about the subscription. I know it'll be worth the money if I buy it, but I just have to make sure its worth what I expect. Is it one trading, and how do you primarily use it for your entries?
Well done, great charting thank you.
+1 Reply
IvanLabrie Smiley8080
Thanks, let's see if we get it.
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