ChangFionpf

ChangFionpf

If USDJPY continues with bear market, Wave C of Wave 2 shall be started soon.

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Intermediate wave 12345 (yellow) is a triangle diagonal. Minor ABC (purple) of intermediate wave 4 (yellow) almost completed. Intermediate wave 5 (yellow) begins sooner. Stoch RSI showed line cross uptrend will be ended soon.

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4H Chart EW:- 1. Wave 2 Green is Flat waves 2. Wave 4 Green alternating zig-zag wave. Ichimoku:- 1. Price above the green and red area-Long 2. Blue and orange line do not cross-No trend change 3. Light blue price above dark blue price-Long EWO:- 1. Histogram above line-long W%R:- 1. Blackline below top line and toward south-short Stoch RSI:- 1. The blue line and...

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Stoch RSI and MACD are 2 indicators have crossed over and headed to south. It confirmed sub wave (3) in brown of Wave C down trend. Upper blue trend line may form a support for sub wave 1 (light blue). Look for target retrace 0.618 of sub wave 1 (light blue). Wave (3) brown is the most powerful down trend that we can take profit.

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Correction wave abc was over. Impulsive wave start now. Look for long term long position.

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Wave WXY is over. New wave starts, will it be impulsive or diagonal? Wave a (red) seem like 3 waves structure ABC.

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Soy Bean Oil down trend is over. Up trend is start, go long after the price action is committed at 33.45.

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USDJPY pair wave WXY (light blue) is over and new trend started. New wave started with 5 wave up (12345 cycle red) and retrace with wave ABC (cycle blue). Waiting Wave B (cycle blue) completed, short with Wave C (cycle blue).

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1st wave 1 (purple color wave) and wave 2 (purple color wave) are just completed. Wave 3 (purple color wave) is started, just long the USDJPY while the small degree retracement end. The Primary wave 5 (in brown color) will be completed soon.

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It seem like diagonal is happening. After the Wave V, it will be follow by big retracement (red arrow down) Short at Wave IV (wave ABC black). Long at Wave V (wave ABC black) Now should be the rite time for Wave IV.

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The trend still within the channel line. It is perfect impulsive wave. The subwave 2-red is completed at 104.320. New subwave 3-red just start after USD ISM Non Manufacturing data showed behind expectation. Sub wave 3 red is expected to completed at target 90.715. Complication of Wave 5 in bracket green after subwave 5 in red end somewhere 86.040.

ChangFionpf

USDMYR is W3 is started uptrend.

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US dollar is start to getting strong. 4H chart shows the start of uptrend. After the lead diagonal, it will be sharp down trun.

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W5 ending diagonal will be end at target 106.69. Long when price go back to 105.67 and target exit at 106.69. Then short at target 106.69.

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Refer to chart.

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Please refer to chart

ChangFionpf

Wave 4 of Wave c will be completed around 4.1257 and Wave 5 of Wave C will be completed around 3.9911. Then new wave start.

ChangFionpf

USDMYR is at retracement place. Will it be retrace to 61.8% or 76.4%? Wait for W12345 to complete.