looks like we finally comlete our 4th wave(yellow). it's ABC (3-3-5) flat. wave C has (5) wave structure.(light orange) wave (3) is an extention. there is divergence between (3) and (5) wave's bottoms - MACD (5)th wave trendline is broken - buy signal. target price is 120.5 (wave1=wave5) in case of 3rd wave is extention.
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looks like usdjpy needs some correction before moving up
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we need a breakout of trendline, which connects (2) and (4) wave's ends as a confirmation of entire buy setup and 5th major wave unfolding. major wave 2 last 2 month. major wave 4 started 15/12/2016. (almost 1,5 month) wave 2 and 4 should be similar in time.
Trade active
looks like barrier triangle
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I'm so tired of this endless correction moves... wave 2(green) is (a)-(b)-(c) flat combination. wave (c) is i-ii-iii-iv-v. wave ii is triangle (a-b-c-d-e) when we complete wave (c) (5 wave structure), buy it!
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If prire does not break through that trendline, there is a possibility a a big decline move, which may hit 111.5 (38% retracement). it's (5) wave extention scenario. Be cautious! wait for trendline breakout, after that it should make a flag, only then buy flag breakout! good luck!
Trade active
well! wave C(yellow) structure is finally broken looks like buy signal. safe long entry will be after price makes a flag and then breaks it. good luck!
Trade active
looks like predicted correction is comleted. look for a flag breakout for confirmation of buy signal
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possibility of hitting 113.91 target still exists. be cautious!
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usdjpy hit 61.8% retracement(112.5 - 115.36 move) looks like sell targets is reached.
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ending diagonal forming?
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looks like wave 5 trunction. wave (c) trendline is broken. possible buy signal! (volumes was up on this breakout)
Trade closed: stop reached
usdjpy has broken a structure usdjpy has still not reached at least 38,2% retracement (111.56) (26.09.2016-15.12.2016 move). - wave 3.
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close look at structure breakout
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looks like 1st wave extention scenario is in play. 2 wave inside wave C(yellow) is done. now 3rd wave unfolds. SELL targets 111.56, 109.23, 107.3
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