After the Xmas/NY break, the butterflies are re-emerging....here's a short termer on CHF, having moved to the requisite 1.618% extension level
http://img29.imageshack.us/img29/4821/chf7je.png
Xerof
Printable View
After the Xmas/NY break, the butterflies are re-emerging....here's a short termer on CHF, having moved to the requisite 1.618% extension level
http://img29.imageshack.us/img29/4821/chf7je.png
Xerof
Evening all,
A possibility tonight perhaps? The common Gartley variety....
AB = CD at 116.63, high today 116.60.....
http://img99.imageshack.us/img99/7409/jpy3sb.png
Xerof
Ah well, butterfly it is then....
Hi Xerof
I've been long USD/JPY scince 116.32:)
You have any targets for the butterfly?
I have it circa 118.05
tia
Slam
Slam,
it could be a Bat, in which case the target is 117.60 (88.6% of XA), but if its morphing to butterfly stage, the targets anywhere between 119.35 and 121.00 (127.2% to 161.8% of XA)[:p][:p]
You've got a free ride now, so run a trialing stop on it
It momentarily looked like the Gartley would hold to form late Friday night, but not to be.
http://img468.imageshack.us/img468/8213/jpy0ck.png
Xerof
FWIW, Slam,
Max is looking for an imminent reversal.....so maybe the Bat is more applicable.....
Xerof
Thanks for the info Xerof
Running a tight stop at 6.90 and happy with pips there.
Will follow it up if it goes that way.
Not looking to good today though
Cheers
Slam
Always a possibility.............
http://www.khalsaspad.com/files/020206_gpb.usd_190.gif
arco
These two yen cross pairs are moving in tandem, with nice structures forming. Ones to watch for reversal from the indicated "batters boxes"
http://img162.imageshack.us/img162/3662/eurjpy9an.png
http://img162.imageshack.us/img162/4593/gbpjpy1uu.png
Xerof
quick update to Thursdays charts
Eur/yen has moved decisively to the minimum target at 127.2% with a daily close this morning at 138.75:D:D
Gbp/yen is declining in an orderly fashion, lower by 150 pips since posting. Further to go yet - 200.00 seems a nice round number
Xerof