Hello traders. Hope everyone has a nice and relaxing break. Our vacation trip has been very enjoyable and I couldn't wait to get into the market again.
The Medium Term (MTD) outlook for USD JPY looks pretty clear to me, and there's a good opportunity to do some medium term trading and get good profit for the next two months.
To follow up from my previous USD JPY Delta forecast, ITD 8 high and MTD 7 high arrival time are very near and they could be due at anytime now. If you have not been long until now, it's not the best time to go long now as the risk reward is not good.
A look at the two previous MTD cycles give us the forecast for the next two months. We will very soon move to MTD 8 low which should be due around 15 - 22 calendar days from MTD 7 high. In other words, USD JPY is going to weaken until around second - third week of January. From that point on, MTD 8 low will be IN, and we will have a MASSIVE UPMOVE to MTD 9 high. Be sure not to miss this MTD 8 - MTD 9 move.
3 comments:
Thanks for your post.
Don't you think we will see a push farther up into the 92 territory before it goes on to the 8 leg?
Hi Casey,
It's possible, but since turnaround time is near according to my analysis, I personally won't go long at this level for some short term gain. Delta is more focused on Intermediate and Medium Term time frame, instead of short term.
Hi, thks for this post.
Have you got any update on cable yet. Where do you see a rebound?
MG
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