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The Case for a Multi-Year USD Bullish Trend.

Daytrader21 Publicado 24 Ene  en #Trader's blog #Bullish #Interest Rates #Liquidity #Us Dollar #Squeeze #Capital Flow
There are many structural reasons that support a dollar bullish trend in the coming years. The outstanding US Dollar short positions are enormously. And a bearish trend doesn't stops because there will be a mythical big buy position that will reverse the trend.
A bearish trend will reverse when all the
sellers who wanted to sell are in the market and there is no one left to sell. The same is the case with a bullish trend which will not reverse because some huge sell will come in the market but b…
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USDJPY: Ready to squeeze the bulls one more time

Daytrader21 Publicado 6 Jul como análisis en USD/JPY, Objetivo: 94.5000, Fecha: 2 de Septiembre, 12:00 GMT  en #Technical analysis #Usdjpy #USD/JPY #Correction #Channel #Technical Analysis Elliot Wave Bullish #Squeeze
USDJPY it is just at the beginning of a major bull market, but like every market there must be some corrections along the way. Nothing goes straight up or straight down without having some corrections. Figure 1 is showing us that based on Elliot Wave theory we have completed the 5 wave cycle and we are at the inception of a more deep correction before to resume the bullish trend. The market is overbought at this level with so many buyers we just have to squeeze the weak hands before to continue …
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Daytrader21 avatar
Daytrader21 8 Jul

@FXMagix for me it's very hard to make a forecast for gbpjpy and eurjpy as the volatility is just to high, it can go in one week more than 500 pips and drop in the next one more than 500 pips so in this regard I can miss my forecast by a lot

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Daytrader21 16 Jul

USDJPY has finally started to push down, after we retest the broken trend line at 101.50 the momentum started to shift to the downside expecting the pressure to continue to the downside. The next support are around 97.50 before going to reach my target so I'm expecting a clear breakout of that level before to continue further down.

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Daytrader21 6 Ago

There is still a long way until my target is reached but the momentum is still to the downside so I'm expecting a break below 97.50 and a close below for further downside move to be considered. We are currently developing wave C of the entire bull run that started last year

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Daytrader21 7 Ago

The market behaved perfectly and the current break out below 97.50 confirms the downward momentum. Hover in the coming days we may retest this level before to resume the downward momentum. The current wave C is developing in 5 sub-waves we are currently putting in place the wave 3 so there is plenty of time to reach our target of 94.50

VTTG avatar
VTTG 21 Sep

I like your chart :)

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