failathon

failathon Updated 

This could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further. Liking this for a short on Monday Scalp opportunity: TP1 0.764 Larger swing: TP1 0.76164 TP2 0.757 TP3 0.74

failathon Updated 

Retracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps. Will see how we go on Monday If you wanted to be conservative, you could just wait for it to bounce off the bottom of...

failathon Updated 

Waiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214. TP1 1.412, TP2 1.404

failathon Updated 

Am long UJ, but this shows a nice positive uptick with JPY pairs and S&P500 or related indexes Will be cautious around 2080-2100

failathon Updated 

Out of FX for the weekend.. capturing the post-lunch activity long'd @ 2062.25 & 2066.25 tgt 2072.5-2075 sl 2060.80 - since adjusted to 2065.60

failathon Updated 

At the risk of sounding arrogant.. sure, was short last night from 1.43587, taking some off the table about 1.41967. Question is, where is this going to end up? We've punched through 50% fib on 1hr chart (daily points), so 1.40269 (S1, daily) looks credible, upon condition that we stay below 1.42578 (P, daily) Have taken some off the table - and if you haven't,...

failathon Updated 

Simply documenting this - 1.618 target + retracing to 1, before another 1.618 target - usually don't see it happen this often in a row in a wedge pattern, but its good to see it in action

failathon

A longer term outlook for DXY based on Daily vs. Weekly vs. Monthly view While Daily is still gyrating between 95-100, this could still be a positive week for DXY, with some clear direction coming over the horizon (next week). Noted that EMA200 is coming on Daily, so will need to see if we are going to clear that or not

failathon

Looking for a basic retrace upwards to 1.42 / 38.2% (1.42322) Then can see from activity whether it'll dip and bounce again, or if we're in for another short

failathon

Weekly downtrend staying true Daily also showing failure to breach R2 / 86.00-87.00 1hr showed a good fall from 85.8 Really want to see this go beyond 84.20, first target 82.00

failathon

Some blue sky thinking while waiting for European session to open Weekly view shows a triangle formation with a new low at 1.04

failathon

After NFP brought some decisive action, USDJPY has failed to regain any new ground above 124.600 However it has been wasting time flapping about in a triangle - while I favor a short down to 123, it could whip about between 123.232 and 124.500 for a few days Stops at 124.700, shorting to 123.000

failathon

Weekly view shows a descending triangle .. but looks a bit more like a false breakout Closer view (4hr + 10m) shows 1200 as a major support line to see whether this idea has any legs or not

failathon

The quiet before the storm... and hopefully, =>2040

failathon

Extended "V" bottom on 4hr, with pennant more visible on 30min See thepatternsite.com for pattern details Risk of false breakouts always possible So looking at >0.78000 for long to at least 0.80 or <0.774 for short I could be biased but I always prefer longs for pennants

failathon

H&S forming well, failure to punch through 0.91112 Target 0.90158 for exit point SL 0.91071 (above R1 on 4hr)

failathon

Daily pattern shows end of falling wedge good support line Could see this through to 1.47826 easily over time

failathon

Daily pattern shows end of falling wedge good support line Could see this through to 1.47826 easily over time