USDJPY Possible Top

٢٠ يونيو ٢٠٢٣

USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.

٢١ يونيو ٢٠٢٣

ملاحظة

This looks right.

٢٣ يونيو ٢٠٢٣

ملاحظة

I still suspect its a corrective pattern. 144.42 is my target

٢٩ يونيو ٢٠٢٣

ملاحظة

This is still looking really strong. This idea is likely invalid. I would recommend
to not short this.

٦ يوليو ٢٠٢٣

ملاحظة

The JPY basket at the weekly level is exhibiting descending price action. This is often followed by a reversal. This would suggest the JPY might about to reverse its huge and long bearish trend

١٢ يوليو ٢٠٢٣

ملاحظة

Another good call, a bit early this time but correct.

١٢ يوليو ٢٠٢٣

ملاحظة

I called 144.42 (conservatively on purpose) we got 145.73. Not bad, not bad at all. How many got even close to this?