neo8175

neo8175

Good possibility we are in consolidation phase ending wave 4 and starting wave 5

neo8175

Keep in mind, we are still bearish and closing on the weekly tomorrow. Look for shorts if we don't break the trendline

neo8175

Let's see if this idea plays out. Symmetrical triangle formation. Look for shorts around 148-149.

neo8175

Possibility in wave 2. Look for further downside if we don't out of this wedge

neo8175

I think this will most likely play out. Bearish triangle formation

neo8175

ABC pattern still in play. Just took longer than expected.

neo8175

Finishing up wave 4 to wave 5 ending around 137-138

neo8175

This is my short term ABC correction to 151.5-152. Looks for sells around this area.

neo8175

This my monthly projection which take us to the end of this year. Wave A to 131.5 ---> 145 ---> monthly support at 114.

neo8175

Thought I would share my perspective of USDJPY. Currently in a downtrend after rejected by monthly resistance of 162. Expect long term bearish movement for some time.

neo8175

We are currently in Wave C of ABC correction. Looking for a short at 149-149.3, then 5 wave correction to 145.

neo8175

Believe we are still with the channel from 137.9 and will be wave 3 soon. Closed all longs at 132.7.

neo8175

We are wave B of falling wedge pattern for USDJPY. Looking for buy order between 131-131.5 which is .618-.68 fib. retracement of wave A.

neo8175

Curently in wave 4 of larger wave 3 pattern. Looking for buy orders around 131.5-132.5. Still see wave 5 finishing at 139.5.

neo8175

wave a to hit 134.8, followed by wave c to finish at 139.5

neo8175

Wave a hit 132.8. Looking for wave to hit 129.5-129 and wave c to finish around 134.5.

neo8175

Believe we are in wave 2 of larger abc correction. We were expecting a fifth wave down to 125.5 but it's never that obvious.

neo8175

Currently in wave 5 of A of ABC correction. Price target 126.5-125.5 based on weekly 100EMA. Also 125.5 has alot of support based on past weekly timeframe.