On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

Unfortunately, I am unaware of any Yen ETF that is liquid on the intraday timeframe. The futures are very deep (relatively).

And the drop started just about dead off my area... Do the obvious work, it's right there.

Originally posted by MarcinO

Easy money...

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Click image for original size

thanks marcin!

Originally posted by MarcinO

here you are.

Originally posted by rat89

chart please?

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Note the obvious TL here.

I do not trade yen, but did that work this morning. Basic stuff.

Originally posted by jimkane

And the drop started just about dead off my area... Do the obvious work, it's right there.

Originally posted by MarcinO

Easy money...

Now the second obvious TL. Watch this.

Oops, blew it out while that was posting.

Got the overnight swing-low to the left. All that's left is that 77.75. Nuttin' but air below that for awhile...

Okay, they got that. Now we see if that's the fake, the trap, or if it's swooooooooooooooooooooooosh time.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!