USD/JPY: Cup & Handle?
Aggiornato
Hi Guys,
very simple.
Remember this CUP in GOLD? It was March 27th. Click & Play to unfold.
UJ and Gold are inversely correlated in their moves but they unfold similar patters in different timeframes.
Would it be possible for UJ to unfold the same move made by GOLD? What should happen to take it to 124?
Letters e) and g) fin the following snapshot
Just for further information and easy reference please find below the CUP in Gold from different perspectives on April 13th, April 23rd and June 27th.
Please share your view and for additional infos about UJ have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
very simple.
Remember this CUP in GOLD? It was March 27th. Click & Play to unfold.
UJ and Gold are inversely correlated in their moves but they unfold similar patters in different timeframes.
Would it be possible for UJ to unfold the same move made by GOLD? What should happen to take it to 124?
Letters e) and g) fin the following snapshot
Just for further information and easy reference please find below the CUP in Gold from different perspectives on April 13th, April 23rd and June 27th.
Please share your view and for additional infos about UJ have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Nota
e x g TRIPLE BOTTOMNota
The following article was published by Reuters on August 1st. It says "Lower interest rates and resurgent investor and central bank buying are expected to help gold prices cement recent gains and hold above $1,400 an ounce next year" reuters.com/article/us-metals-precious-gold/perfect-environment-seen-keeping-gold-above-1400-oz-in-2020-reuters-poll-idUSKCN1UR4KE
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