DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, PROTEOSTASIS THERAPEUTICS, INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
After trading the Pound to the short side off after the March high E-Target was identified, it went into a consolidation pattern and though it came close to the 61.8% retracement, it never closed above it. This kept the Short N-target in play.
Price has started moving away from the Tenkan-sen and I would expect to see a reversal sometime in the next two weeks ...
$GBPJPY remains bearish on H4 but, it is still bullish on D1 with one exception. Price has been drifting close to the Kumo on D1 and has recently completed a weak T/K Cross.
Further drops in the $NIKKEI will drag this pair lower as the $JPY is bought. The $NIKKEI has a potential short V target of 11225 which is also in confluence with a 61.8% retracement.
Some food for thought of what may come.
Speaking simply, in Dow Theory, when the transportation index drops, speculators would look for the Industrials and the SPX to follow, as they generally tend to tango with each other.
You can see by the chart, there is a significant divergence between DOWT, DOWI and SPX. Some are saying this is a bearish divergence and ...
EDIT: Trade is now confirmed and in play. This is a possible 900 pip extended move. If you're not in. Wait for a pullback to the Tenkan-sen on a lower time frame. As always beware of a major pullback on the daily. A good chance to catch some short pips on a kumo break or kijun-sen cross on H1 or H4.
EDIT: Time frame extended.
Bullish bump and run in ...
Look for the next round of shorts in the AUDUSD using Ichimoku. Trade plan is on the chart. Edit: plan is invalidated.