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 1,2 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 and should drop from 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 zones for the last 2 days, I posted the zones and scenarios b4 the Friday session at my blog and @ 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 from 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 and crosses a lot lately. Keep it up!