USDJPY 240-min: Elliott Wave Nesting?

Jack Crooks Black Swan Capital

For the record we are short USD/JPY from 111.33 and have been taking some heat. But our setup seems to make sense and the pattern was tested yesterday. A series of 1-2s or what is referred to as Elliott Wave nesting (we make up things to fit our story I realize that; but we like it anyway). This view is negated above 111.75 to decent risk/reward we think.

Author

Jack Crooks

Black Swan Capital

Experience Jack has over 30 years of experience in the currency, equity, and futures arena. He has held key positions in corporate financial analysis, brokerage, investment research, money management, and trading.

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