📉 USDJPY – Targeting Structure Break for ABC Sell Setup 📉
🔹 Timeframe: 30M
🔹 Methodology: Elliott Wave + AO + Structure Break + BBMA
⸻
🔍 Current Market Outlook:
I’m currently observing Wave 4 playing out as a complex correction. Price is pushing toward the key level 142.796, which I expect to break structure (BOS) to the upside.
Once that level is cleared, I’ll be watching closely for signs of an ABC corrective move to form — setting up a high-probability sell opportunity aligned with the final Wave 5 leg.
⸻
🧠 Key Technical Highlights:
✅ Wave Count:
• Wave 3 is confirmed by the strongest momentum on the AO
• Wave 4 is unfolding and approaching structure at 142.796
• AO shows decreasing bullish momentum, hinting at possible exhaustion
✅ Plan:
• Wait for break above 142.796
• Monitor for completion of ABC correction
• Enter short after C-leg confirmation
• TP at 1.618–1.786 Fib extension zone (141.818–141.614)
• Anticipating bullish divergence on AO by the end of Wave 5
⸻
📌 Confluence Checklist:
✔️ Wave theory
✔️ BOS expected
✔️ Fibonacci targets
✔️ AO divergence setting up
✔️ BBMA structure alignment
⸻
🎯 Strategy Summary:
Break 142.796 ➝ Spot ABC ➝ Enter short on C ➝ Ride Wave 5 ➝ TP @ extension zone
⸻
💬 Share your thoughts—Are you seeing the same potential Wave 5 setup? Let’s discuss.
👉 Follow me for clean structure-based analysis, BBMA setups, and advanced wave insights.
#USDJPY #ElliottWave #ForexSetup #WaveAnalysis #BBMA #AOindicator #MarketStructure #BreakOfStructure #SmartMoney #SellTheRally #Wave5 #ForexStrategy
🔹 Timeframe: 30M
🔹 Methodology: Elliott Wave + AO + Structure Break + BBMA
⸻
🔍 Current Market Outlook:
I’m currently observing Wave 4 playing out as a complex correction. Price is pushing toward the key level 142.796, which I expect to break structure (BOS) to the upside.
Once that level is cleared, I’ll be watching closely for signs of an ABC corrective move to form — setting up a high-probability sell opportunity aligned with the final Wave 5 leg.
⸻
🧠 Key Technical Highlights:
✅ Wave Count:
• Wave 3 is confirmed by the strongest momentum on the AO
• Wave 4 is unfolding and approaching structure at 142.796
• AO shows decreasing bullish momentum, hinting at possible exhaustion
✅ Plan:
• Wait for break above 142.796
• Monitor for completion of ABC correction
• Enter short after C-leg confirmation
• TP at 1.618–1.786 Fib extension zone (141.818–141.614)
• Anticipating bullish divergence on AO by the end of Wave 5
⸻
📌 Confluence Checklist:
✔️ Wave theory
✔️ BOS expected
✔️ Fibonacci targets
✔️ AO divergence setting up
✔️ BBMA structure alignment
⸻
🎯 Strategy Summary:
Break 142.796 ➝ Spot ABC ➝ Enter short on C ➝ Ride Wave 5 ➝ TP @ extension zone
⸻
💬 Share your thoughts—Are you seeing the same potential Wave 5 setup? Let’s discuss.
👉 Follow me for clean structure-based analysis, BBMA setups, and advanced wave insights.
#USDJPY #ElliottWave #ForexSetup #WaveAnalysis #BBMA #AOindicator #MarketStructure #BreakOfStructure #SmartMoney #SellTheRally #Wave5 #ForexStrategy
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.
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.