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British Pound / Japanese Yen
Short

Hitting Multiple Resistances

By mortdiggiddy
Updated
Big simultaneous pitchfork and Month R4 pivot hit. USDJPY GBPUSD DXY GLD GDX
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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.
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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.
PitchforksPivot PointsTrend Analysis
mortdiggiddy
Find the edge.

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