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British Pound / Japanese Yen
Short
Updated

Hitting Multiple Resistances

904
Big simultaneous pitchfork and Month R4 pivot hit. USDJPY GBPUSD DXY GLD GDX
Note
First target would be back at Month CAM R3 near 145.85, then August close @ 143.85.
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I will wait for 112.500 area near Weekly CAM R3 and 78.6% retracement on USDJPY to start stabbing at this. snapshot
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The AB=CD level is also very close to 112.50. snapshot
Trade active
Started shorting once UJ hit that 112.43 AB=CD mark and precisely when GJ hit the year VWAP in the main chart picture.

Entry = 148.25.
Note
Setting stop to 150.00. Currently down -0.75.
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Nearly stopped out yesterday, big fake move in GU, as it is down nearly 200 pips today after May's comments. Yikes.
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Parallel channel rejection confirmed. Adding to short here. snapshot
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Big down leg coming. snapshot
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GU is entering the seasonal top last week of September. It usually bottoms out mid-November, which is more pronounced during midterm and presidential election years.

imgur.com/a/wQ5ERWl
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Big shift after the fed, money into bonds and yen, out of stocks, EU, AU, GU.
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Still chilling waiting for the drop snapshot
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After playing with year VWAP for weeks, this trade is finally showing life.
mortdiggiddy
Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
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PitchforksPivot PointsTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PitchforksPivot PointsTrend Analysis
mortdiggiddy
Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.