usdjpy m-term BUY setup

Jan 24, 2017

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.

Jan 25, 2017

Note

looks like usdjpy needs some correction before moving up

Jan 25, 2017

Note

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.

Jan 25, 2017

Trade active

looks like barrier triangle

Jan 25, 2017

Note

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!

Jan 26, 2017

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!

Jan 26, 2017

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!

Jan 30, 2017

Trade active

looks like predicted correction is comleted.

look for a flag breakout for confirmation of buy signal

Jan 30, 2017

Note

possibility of hitting 113.91 target still exists.
be cautious!

Jan 30, 2017

Note

usdjpy hit 61.8% retracement(112.5 - 115.36 move)
looks like sell targets is reached.

Jan 30, 2017

Note

ending diagonal forming?

Jan 30, 2017

Note

looks like wave 5 trunction.
wave (c) trendline is broken.
possible buy signal! (volumes was up on this breakout)

Jan 31, 2017

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.

Jan 31, 2017

Note

close look at structure breakout

Feb 2, 2017

Note

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