EverythingForex
Long

USDJPY: Down Trend Has Ended? But For How Long?

FX:USDJPY   U.S. Dollar/Japanese Yen
1313 3 30
WHAT A RIDE! A very nice drop from the top that I predicted to happen from 6 months ago, Is it done? Well, for now it is. For now. Now for some profit taking. We should be seeing some retracing taking place here for a good bit of time.

1HR CHART


From here, you can see my breakdown of the subwaves of the recent consolidation price movements. Wave (A) completed and now wave (B) is almost complete. So when it is finished, we should see an impulsive wave (C) begin. There is a COMPLETED Bat which could see this wave (C) off.

4HR CHART

So you see I marked that dramatic fall as a wave III             which I have ended around the bottom TL of a larger expanding triangle. Of which I am seeing as the leg C of that triangle. So if that is correct, then the next move is going to be the wave IV retracement. Which might've already begun. There is also a POTENTIAL Bat here which has its' completion point right around a structure zone.

snapshot

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can i enter now ??? sir
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Register to my website for more information.
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Want to see my FULL ANALYSIS on this pair? Here's the link to it: http://goo.gl/IcJoN8. You'll need to register first if you aren't already a member but it's free.
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