Well, this is one of those that you wait, in this case almost 9 months, for the pattern to appear. I almost tried it at the ABCD but something just told me to wait. Now, we have a 1.618 price projection right on top of the lovely .786 and a bunch of other ratios.
Why is this a big deal? Because the top up at 151 was a major top. Thus … for us Fx Junkies, we need to short USD vs JPY at 146-147 and if I’m right this is going to be one heck of a ride down.
Hi Bart thanks for you’re work. I’m a fellow San Diegan. Hope you enjoy the area. I also am a trading novice. Interested in you’re idea to short yen dollar. How or what instrument can I use?
I’m curious about the relationship between a strengthening yen versus the Nikkei
you can overlay them …