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.
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.
Note
looks like usdjpy needs some correction before moving upNote
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 triangleNote
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!
Note
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
Note
possibility of hitting 113.91 target still exists.be cautious!
Note
usdjpy hit 61.8% retracement(112.5 - 115.36 move)looks like sell targets is reached.
Note
ending diagonal forming?Note
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 structureusdjpy has still not reached at least 38,2% retracement (111.56) (26.09.2016-15.12.2016 move). - wave 3.
Note
close look at structure breakoutNote
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.