USDJPY long for 90 day correction to the upside, Gann theory.
One of the time cycles of Gann's theory was the ending of a 270 day cycle for USDJPY and EURUSD. What this means is that there is a higher than normal probability of a 90 day countertrend. This countertrend will end the year.
USDJPY should move up consistently from now until at least Dec. 22nd.
We also have some extremely bullish signs based on time and price harmonics (not the harmonics and balloon animals all the Gartley-only advocates think). We have thoroughly tested and broken above some key internal harmonics, we also closed on Friday above a MASSIVE confluence of time, price and huge intesection of the some important Gann angles, specifically the .618 angle.
It's actually a kind of exciting area right here. And that is officially the nerdiest thing I've ever said in a long time.
USDJPY should move up consistently from now until at least Dec. 22nd.
We also have some extremely bullish signs based on time and price harmonics (not the harmonics and balloon animals all the Gartley-only advocates think). We have thoroughly tested and broken above some key internal harmonics, we also closed on Friday above a MASSIVE confluence of time, price and huge intesection of the some important Gann angles, specifically the .618 angle.
It's actually a kind of exciting area right here. And that is officially the nerdiest thing I've ever said in a long time.
Trade active:
Above idea is an update from the 9/2 original.
