USDJPY short idea: UJ and stocks down some more?

17 окт. 2018 г.

Based on risk sentiment (gold, stocks, oil), looks like UJ might be headed further down.

I think we might have already completed the wave 4, and preparing to start wave 5.
But wave 4 could go a little higher yet and still be perfectly valid EW process.

The Nikkei looks to be following a perfect path to a wave 5 coming

and lately UJ has been tightly correlated with equities (usually is but right now more so than usual)

17 окт. 2018 г.

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Dollar is super strong after FOMC meeting minutes. But here we are at the crucial decision point

Zoomed in: the fib zone was precisely noticed, but I dont think it will stop the move

17 окт. 2018 г.

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UJ still testing the resistance zone above

18 окт. 2018 г.

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Nice rejection this far But I am not confident it will go much lower. Am watching risk sentiment again.

18 окт. 2018 г.

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The Japanese stock market is following EW and Fib waves perfectly

now waiting to see if it bounces up from that 4.618 or cuts through