Ichimokutrainig
GBPJPY reaching for the TOP. Inevitable fall NEXT WEEK. Looks like the last week of growth for GBPJPY with a strong resistance @ 152 area. A cluster of two targets N and V from Hosoda's targets aka Ichimoku Sanjin's. AB=BC in bot ways - Time 25weeks and Price range 1:1
Possible correction to 142 Of course the World will blame Megan and Harry for that :D
RL 10% shortRL has been rejecting near the bottom of the cloud for the past couple of days, and it just broke past the moving averages. We see it breaking through the top purple line, which has been acting as a support/resistance level dating back since 2010. I think it will move down to ~$84.90 which is where we have been seeing resistance/support action since 2/10/16, and we can also see the sharp chikou on 7/10/19.
Daily Trade Plan 2018.01.19 For GBPJPYUSD is so weak that GBP was going on a higher price. Yesterday LONG GJ just got +33pips,this month is +424pips.
Almost peoples suggest SHORT, so strong mind but this world is not follow with our mind. Foolishly, I SHORT GU at here too. But S/L is setted at 1.3940.
UJ is in down tunnel and need back to center so still keep it and want to see first target 111.7~8.
Then back to GJ.
Want watching a new Head & Shoulder type where price will be just faced break over the SPANB.
So this type is comleted I would SHORT.
Daily Trade Plan 2018.01.16 For GBPJPYYesterday SHORT GBPJPY after completed plan then got +30pips, but GBPUSD was in dange and keep it to watch one more day. Just this month is +491 pips.
Finally USDJPY is broken down at 111, USD is so weak and there is some news that had a wrong missile alert in HAWAI...
No matter I expect USDJPY closed with a long down shadow and turn to Yang candle today.
So this day is still waiting GBPJPY became double top or Sanzun's model then SHORT again follow GBPUSD.
And LONG USDJPY to target Kijyun line in this week.
Daily Trade Plan 2018.01.10 For GBPJPYNice, three orders got +85pips with 2 SHORT GBPJPY & one LONG USDJPY then this month is +109pips.
I still male plan A to SHORT GBPJPY.
Price is under the Tenkan line in day chart and will back to Kijyun line.
So today in H1 chart, watch two bottom and break down to H4's SPANB or Day's Kijyun line.
USDJPY is downing because P Sanzun but now still in 112-113 then it is OK that always target 20pips.
PS.
Yesterday my student Jamie had analysised EURUSD and I told him to keep SHORT in number 9 or 13.
I do not trade in this symbol, if you interest it, you can do yourself.
It is classic, EURNZD It is my pleasure that I accepted Jamie who is from Austria and teach him some experience of Ichimoku Kinkou Hyou in this year. You can get that he studies so hard that he can always give you some surprise. Just as this time, he tried to analysis one symbol and make me very happy to see a text of book of education.
There is no this symbol with my broker so I never notice this EURNZD. We always herded one sound by someone that Ichimoku Kinkou Hyou is a invention by Japan so it is only connected with Japanese Yen and is not suitable with Europe or USA symbols. Jamie used this sample and proved that is so wrong. Then let’s see the evidence.
This is a day chart with FXCM data from TradingView. The near lowest price is Feb-7-2017, from here, there is 11 waves in bullish market until Dec-30-2017.
In my lesson, I always repeat one word is SPAN fifth. But what is SPAN? SPAN is Spanish. In Ichimoku Sanjin’s second original book, he said SPAN means one worm what is moving, or a bridge with some half circle hole or one rule sometimes you need pick up with between your big finger and the little finger. In fact this means some repeat, as you know, sometimes history always reappears.
We know the basic number 26 is very important in Time theory. And in this chart, we just repeat this number then what we can see?
B is 2 days ago, C is one days ago, F is 2 days ago, G is just, H is just, J is just, M is 2 days ago and O tomorrow is like 2 days ago too.
I noticed both Z and A is bottom, close like a double bottom then we change the start point to A. So from A, repeat number 26 again, then…
I, L, N all is just, and the others are all 2 days ago.
The 11 waves is from A, and AB is the first wave so change start point from A to B again, then…
C is just, F is just, G is just, H is just, J is 2 days ago, M is 2 days ago, and yesterday O is just too.
Is it amazing?
I only can say Wow…
Of cause Jamie with me talk about how is next number 26, but here I do not want explain anything. O is clear supported at SPAN, that is enough!