USD/JPY Daily Video, May 12, 2017

Sive Morten

Special Consultant to the FPA
Messages
18,673
Good morning,

Our last JPY trade has been completed approx. month ago. Right now we see that another interesting setup is growing, but it is mostly tactical:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
 
Yes 1114.65 approx is great confluence. Its 161.8 of Butterfly and also 61.8 retrace of move from 1st week January!
I also have a level of Resistance marked here. Just need to see a nice 'Reversal signal'!?
Ps. Sorry no charts yet...but i work from 2 different Laptops..and this one is a 'Chromebook' with which i don't use to look at my charts! Chromebooks are Linux operating system...so i cannot download MT4 onto this machine!
Well that's my lazy excuse...anyhow! :p
 
Back
Top