captainquenta
Long

USDJPY long, target 120

OANDA:USDJPY   U.S. Dollar / Japanese Yen
On the weekly, the CMI is going from oversold conditions and trending higher, daily shows an inverse head and shoulders pattern. Daily also shows a bullish Gartley completed nearly exactly on the close of Friday.
Pivot in time coincides with a culmination of a series of time cycles in Gann’s theories. Moon phase should be a moot condition due to the downtrend.
Friday closes within a few days of 135 day of Ganns 135 count. The behavior of this cycle is that if a swing high was found 45 days ago (which was 90 days from the major swing), then we are also 45 days from the high made at the 90day mark. Fast trend moves can start.
Mar 20
Comment: Long idea continues to play out, +100 pips thus far.
Mar 21
Comment: Added 2 lots @ 105.6
Mar 23
Comment: 2 lots added @ 104.83
135 day cycle ended yesterday, Gann's day counts say that if a lower low was found around this day count, then it ends a bottoming pattern, watch for changes in trend, FAST MOVES can start
can go low to lower, or high to higher, rare though
Mar 26
Comment: 4 lots added @ 104.88
Apr 02
Trade active: 4 lots sold on Friday @ 106.6, added 2 lots today @ 105.67

Is the trend now invalidated.

Please.
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Nicely done!
Reply
104.72
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