The yen is in no hurry to drop.
Telah dikemas kini
I perfectly understand why many people draw short on JPY, it really looks risky.
But look at the weekly chart from a certain angle.
A kijun/tenkan cross was formed just inside the cloud and the candles was held on the inside cloud boundary.
1 candle, which will take the price above 138, will quite push the price to the top at 152.
Anyway my experience shows that such constructions (the cross inside the cloud on the weekly timeframe) cannot be ignored.
There seems to be a build-up of hedge positions for insurance and the yen is traditionally in demand.
But look at the weekly chart from a certain angle.
A kijun/tenkan cross was formed just inside the cloud and the candles was held on the inside cloud boundary.
1 candle, which will take the price above 138, will quite push the price to the top at 152.
Anyway my experience shows that such constructions (the cross inside the cloud on the weekly timeframe) cannot be ignored.
There seems to be a build-up of hedge positions for insurance and the yen is traditionally in demand.
Nota
That's right, hedging is growing.
Two weekly gray crosses, going up.
Hence the rise of the SPX is a bull trap.
Watch the Yen to understand the outlook for the crypto market.
Nota
There's a little bit left.Nota
Okay, we're 0.3 short of our goal.Dagangan ditutup: sasaran tercapai
Nota
1.618 Fibo expansion?
Penafian
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