nikitafx
Long

USD/JPY Fractal Spike & Drop, its high probability (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
1181 1 2
I am assuming a high probability of this Fractal Spike & Drop (repeating wave
Crash after '95.04--'97.04's 4775 pips Spike).
We are reaching Final '90--'98 descending resistance line at 123.61 ( Dec             . 05) and
Present wave 5 (if Fib.76.4% projection of wave 3 ) will be reaching at 123.30.

Next wave is Major-2 which has Fib.23.6--38.2% retracement of whole length (since 75.32).
That means 123.30-(123.30-75.32) x Fib.23.6%=111.98

How about this ?

Even with this scenario, my long term view is Super bullish !!

Nikita FX (http://climbingfx.jugem.jp/ )
jago25_98
2 years ago
CoT commercials bullish on JPY and bearish on USD. Just to be clear, this favours BEARISH on USDJPY long term; so the scenario at the peak is to drop away. I think this is what you meant; to be short. Maybe you mixed with inverse JPYUSD.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out