As an exclusive update for our newsletter readers, we wanted to highlight some trading opportunities in currencies that should manifest during the first 1-2 months of 2020.
As a reader of our free newsletter, we wanted to give you some fresh charts to show how well the Japanese Yen responded to the resistance we mentioned earlier. The levels worked well to produce a reversal trade.
We’re looking at how the upcoming currency moves might play out for the Japanese Yen and the related ETF.
I have reworked my EW count in the Yen to be that of a triangle wave [iv] that needs one more wave up in (e) to complete. The alternate is that wave [iv] was set early this year and prices are set to bounce in wave (ii) of an ending diagonal [v].
Price is putting stress on a supportive trend line, forcing a squeeze between support and resistance.
April bulletin from Trading On The Mark
March 2017 bulletin from Trading On The Mark