JPY- long term !!

[golhuntsleep]

LOL....unless the following wave is corrective........

[rufffen]

Ronni I think Im long for now but I will see how that goes here's my chart

[golhuntsleep]

ruff.....your 12 subwaves are to low.....the way you have yours drawn wave 4 went into wave 1's territory creating overlap. IMO....we are finishing a wave C at about 113 should drop there...this is confirmed by a rising wedge drawn on the 4 hr chart.........

[rufffen]

True that one ronni I had bad readings on elliott oscillator too did show some divergence for a further dip low. Attached is an alternative I posted @ my blog on Sunday but I didn't think that scenario was unveiling kinda makes you think that always have to have a backup plan.

[ronnimar]

for the short term !! is this a probable scenario ?
i guess time will tell !!!

[rufffen]

Ronni looking at mah charts now I would propose a scenario that if we break 113.10 ascending triangle we can see yen take off all the way to 117. What do you think?

[ronnimar]

Originally Posted by rufffen

Ronni looking at mah charts now I would propose a scenario that if we break 113.10 ascending triangle we can see yen take off all the way to 117. What do you think?

what do u think ? 117 is the next target ?

[rufffen]

Hi Ronni how is it going? Actually looking at my EUR counts now appears we might see a new upside uncapped next week.

Please have a look at my daily fib z for the last 2 days I posted the z scenarios b4 the Friday session at my blog @ Surfers thread so some of the fellas who follow me in the chat room made good money there.

What Im saying is the yen is stuck in SUP ZONE2 came RES ZONE1 uncapping a better probability for downside. What do you think?

Daily RSI today flipped to SOUTH on yen so definately new downside possible just need new counts can you update the chart please?


Just to let you know really appriciate your setups on yen Im following yen crosses a lot lately. Keep it up!