USDJPY Short continuation: 250 pips possible for UJ
מעודכן
This Idea is to point out three possible targets for the UJ downturn.
I have been short for a while now, see chart shown below.
The fundamentals are still giving JPY strength.
- BOJ considering tapering/ending QE
- Japanese Bonds have a HOPE of non-Zero interest rates
- PBOC continues to deval the Yuan
The technicals indicate more waves downward.
- 2.618 fib extension of impulse down looks ready to burst
- After a 12345 impulse, an ABC is pretty much required.
- The fundamentals above came at a perfect time.
Will update this idea as things move.
Here is where I first started opening Short positions:
I have since added several additional positions, starting as scalps and then letting some % of a winner ride.
I have been short for a while now, see chart shown below.
The fundamentals are still giving JPY strength.
- BOJ considering tapering/ending QE
- Japanese Bonds have a HOPE of non-Zero interest rates
- PBOC continues to deval the Yuan
The technicals indicate more waves downward.
- 2.618 fib extension of impulse down looks ready to burst
- After a 12345 impulse, an ABC is pretty much required.
- The fundamentals above came at a perfect time.
Will update this idea as things move.
Here is where I first started opening Short positions:
עסקה פעילה
First short fired:הערה
UJ short making progress.I have moved the stop to BE on this position, if it survives I will take 50% profit at TP indicated, and try to carry the rest in my collection of UJ shorts.
הערה
TP hit.I have closed 50% of position, SL at BE on th rest, hoping to keep in my collection of UJ shorts.
העסקה בוטלה באופן ידני
Closed all shorts on BOJ news.Looks like Yen pairs headed up for a while.
הערה
well my EW count was off, but first possible 'C' point hit 
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.