FX:USDJPY   U.S. Dollar / Japanese Yen
1250 4
$GLD $TLT $GDX $IWM $SPY VXX Hits Top of weekly range at Month Cam R3.
Comment: Zoomed out:
Comment: Excuse the grammar problems in the caption of the first chart hah, I'm tired.
Comment: From the day chart at the bottom... the correction could transform into something much bigger... no promises :)
Comment: So far so good. Now possible ping pong between month pivot and year pivot (lower and upper cyan horizontal 'P' lines, respectively).

Comment: Exited for now on Weekly Camarilla S4 and the green dots. Those green dots are the daily trailing ATR stop with a 2X multiplier. That script can be found in my list of scripts and works VERY well for pinpointing position exits/entries.

Comment: Had to get back in during the middle of the night... no sleep for me!!

Few target updates. Looking at the Nov 27 close of 111.082 for a near term.

Comment: Final target reached. Closed for now. Could fall a lot farther if it wants. Seeing similar wedge breaks on AUDUSD and NZDUSD. Dollar gave up the key neckline it was holding so it looks like this is all pretty real.

Another day another dollar.
Remember... this thing has the potential to be huge now... BOJ news and China news... Looks bad


I agree but gonna wait until it breaks out of the trendlines. Prefer to trade what I see over what I think
mortdiggiddy ForexSicario
@ForexSicario, true. I will only open a small position at the close and then add to it once it starts producing results.
ForexSicario mortdiggiddy
@mortdiggiddy, Sounds like a good plan. Good luck. Yen is so weak right now Im gonna wait.
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