FX:USDJPY U.S. Dollar/Japanese Yen
The dollar seems to be in a market B wave, contracting triangle. Due to the duration of the correction it is likely a B vs the 4th wave of the 5th and confirms a market triangle. Now given that we may be on the verge of a break down in the C wave and could have a pottential throwover before a sharp move lower.
Note the E throw over has crossed prior C levels. hence this should change my complete triangle. I have to revise this chart. What i notice is tho that the dollars downward retracement does not seem a clean impulsive wave and thus could be just a correction to an upward impulsive move or we are still in a large triangle. Observe if there is a impulsive move upward next week in huge proposition. If so, this could be a bear trap. Else, If we cross below 100.82 then the dollar is down to 98. I was not disciplined to keep my stop losses so i got caught trading the opposite direction