zedtrader

zedtrader

Looks like a classic Bearish Gartley setting up on USDJPY. "D" stalling just above 61.8 of X-A move. 4 Hour charts showing Bearish MACD Divergence. Spinning top confirms stall in price and Bearish Harami potentially setting up as we enter the Asian Kill Zone. Waiting for confirmation as we open Tokyo session.

zedtrader

Stuck in the same channel we were before the short-lived PayPal bump. Momentum divergences mean nothing any more, so still looking for our bottom.