Greetings all,
Since most Yen crosses are pretty strongly correlated (with exception to the USDJPY due to everything being so popular against the dollar) I thought we should have a place to discuss recent activity on these pairs. Some very powerful moves are beginning to hint at a change in direction..we almost had climbed to the october top formations on the charts before the USD got hit in conjunction with corrections on the majors, giving strong bear bias IMHO. Currently I am selling rallies on the H4.
Take a look at the following daily pattern and tell me if this looks like a familiar setup to you. For the next 2 weeks and with continued credit worries hitting everyone, I see dead people. That is, 232 and 162 on GJ and EJ respectively.
Please also post if you have reason to think the exact opposite, or if you think nobody should have a clue at this stage. Also reply if you own a red car or a big dog. In fact, just reply, thanks.
-A
Since most Yen crosses are pretty strongly correlated (with exception to the USDJPY due to everything being so popular against the dollar) I thought we should have a place to discuss recent activity on these pairs. Some very powerful moves are beginning to hint at a change in direction..we almost had climbed to the october top formations on the charts before the USD got hit in conjunction with corrections on the majors, giving strong bear bias IMHO. Currently I am selling rallies on the H4.
Take a look at the following daily pattern and tell me if this looks like a familiar setup to you. For the next 2 weeks and with continued credit worries hitting everyone, I see dead people. That is, 232 and 162 on GJ and EJ respectively.
Please also post if you have reason to think the exact opposite, or if you think nobody should have a clue at this stage. Also reply if you own a red car or a big dog. In fact, just reply, thanks.
-A
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea