Serious qn - What's stopping USDJPY trading to 170 or 200?

don't know how u force yourself to trade it but the chops are dicey af right now

 

Sorry, but that's proprietary. But if you're long, I suggest you get your ass out of the trade. This market will roll over any day now.

Speaking of which, I have a resting order to go short @ 150.78. This could be a big one IMO.

 

Short @ 150.72

 

Nice down channel.

for the USDJPY chart, just flip the above 6J chart.

 

It hit my target earlier today.

 

Short 149.81
SL 150.07

 

Out 149.71.

 

Long 148.78

SL 148.67
PT 149.97

 

I decided to go long off of the reaction to that Oct 3rd low being swept. Decided to close today at +4R ahead of the long weekend.

 

From what I know (from Tudor) Wave4 cannot violate range of Wave1.