JPY - The Yens

[immy]

This is sort of a signal... but I see it in TR.. so I won't take it. 

also, I don't see a TTTPP or the likes, its a TRTPP

[immy]

This is sort of a signal... but I see it in TR.. so I won't take it. 

also, I don't see a TTTPP or the likes, its a TRTPP



 

Further to this analysis, the market did break out and did retest the previous range and then created a Banana Signal...

SL move to +3R since the price is a +4.5R 

Previous range 


 
 
 

[immy]

This is sort of a signal... but I see it in TR.. so I won't take it. 

also, I don't see a TTTPP or the likes, its a TRTPP




 

Further to this analysis, the market did break out and did retest the previous range and then created a Banana Signal...

SL move to +3R since the price is a +4.5R 

Previous range 


 
 
 

 

3R Profit was banked when it dropped down and hit SL on the next candle. 

[immy]

Should I take it or not?

What's going on

So we have an up trend but on h1, it appears that it is the Post up trend consolidation. Will it have energy to break out on this US Bank holiday? Doubt it

Then there is Triple top so taking this trade means, you're betting on a breakout and breakouts DONT WORK
 

[immy]

Let's see if the USD/JPY breaks this "trend ending" wedge/channel. 

 

[immy]

2022-10-12_09-03-09.png

 
 
Daily Trend - UP, wiht new Highs... momentum is low but its going .

Con: 2nd pullback and 2 Legged pullback. But there is a confirmation candle. 

[immy]

2022-10-12_09-03-09.png
 
 


 

 
 

[Minsk]

2022-10-12_09-03-09.png
 
 
Daily Trend - UP, wiht new Highs... momentum is low but its going .

Con: 2nd pullback and 2 Legged pullback. But there is a confirmation candle. 

 

Did you stay in overnight and catch todays move up as well?
 

[immy]

2022-10-12_09-03-09.png
 
 
Daily Trend - UP, wiht new Highs... momentum is low but its going .

Con: 2nd pullback and 2 Legged pullback. But there is a confirmation candle. 


 

Did you stay in overnight and catch todays move up as well?
 

 

Hey

NO, I was out with 3R, SL was hit otherwise the crazy price action would have stopped me out any way. 

[immy]

Today, the best signal was on the GBP/JPY . Clear impulse wave, that is wave 3 followed by a full day of wave 4 (trading range) and todya, it broke out, broke hte high of the range, the previous swing that, i.e. w3 peak, and then retested it with a B signal. I wish I was watching this pair.