$JPY Nears Target-High @ 106.614 | $USD $JPY #Yen #Nikkei #forex

FX:USDJPY   U.S. Dollar / Japanese Yen
635 29 10

Model defined qualitative target high at 106.614:

- TG-Hi = 106.615 - 09 SEP 2014

These targets carry high-probability reversal (not just retracement), whereby price could potentially be repulsed down to carve lower lows.


David Alcindor
Predictive Analysis & Forecasting
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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thank you david you,re right Im sorry to have troubled you
+1 Reply
4xForecaster PRO manijeh.kazemi.33
@manijeh.kazemi.33 - No trouble at all. I was not sure what your question was. I am always glad to help whenever I can - David
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would you please post your trade set up once it has materialized kindly thats very kind of you if its no trouble for you
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4xForecaster PRO manijeh.kazemi.33
Hello @manijeh.kazemi.33 - I am not sure I understand what trade set up you are referring to. The post and commentary for this chart is twofold:

1 - Model signals a Qual-Target attainment and thus warns against a potential reversal


2 - If reversal was to occur indeed, the bottom target reflects a prop pattern (called Euclid).

Whether the reversal occurs remains a matter of probability, independent of the model and prop pattern's probabilities to pre-define a value for such eventuality.

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11 SEP 2014 - Forex Intel: Short-term Bullish US Dollar Positions Cancelled Against A Potential Longer-Term Fundamental Adverse Development - Is It Real?

"Danske's limit order to Short $AUDUSD (Short-Term) got canceled "

This is tantamount to cancellation of a $USD long position and a possible removal of support/bearish pressure over $USD. Hence, prepare to see major USD crosses reflexively react to a possible BEARISH $USD push.

Keep an eye on this possibility, especially here, as are already straddling the forecast target: "TG-Hi = 106.614 - 09 SEP 2014"


A BEARISH $USD would indeed provide the reversal mechanism necessary justify the reversal purported by the Qual-Target. Considering that this face-about by major institutional banks goes against recent short-term positioning, I would assume that overriding fundamental pressures are developing, which would possibly be released in the news. I would look to chart development as to the potential impact of said fundamental development (if there truly is any such adverse and sudden event causing effacement of current short-term speculative positions - See more of these moves in this Forex Intelligence "Forex Intel" Room here: https://www.tradingview.com/chat/#xsmm44S00HaO5wCZ ).


David Alcindor
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10 SEP 2014 - Update:

* * * NEW Major Banks' FX Position * * *

Credit Suisse entered $AUDUSD Short via filling a limit order at 0.92 (Short-Term)
(Forex intel: https://www.tradingview.com/chat/#xsmm44S00HaO5wCZ )

thank david for this post very much
+1 Reply
4xForecaster PRO manijeh.kazemi.33
You are very welcome - David
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Hi david Hope you are fine what is zoar view on this pair now
+1 Reply
4xForecaster PRO manijeh.kazemi.33
Hello @manijeh.kazemi.33 - The analysis remains unchanged.

1 - Price hit target
2 - Target is a Qual-Target, thus susceptible to reversal (not just retracement), although the reversal may simply be a very deep double-bottom or down to less than 0.618 of recent swing (but then, that would simply be a deep retracement)
3 - Price has stalled right at the target line, posting a significant reversal geometric pattern called a Terminal Diagonal (or Ending Diagonal)

$USDJPY - H4 Chart: Total View:

$USDJPY - M14 Chart: The Tipping Point ... To High-Probability Reversal:


David Alcindor
+2 Reply
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