FX:USDJPY   U.S. Dollar/Japanese Yen
1449 18 96
The USDJPY             broke out of the 60 min consolidation and is making a lower degree consolidation above the down trend, buying the break out of that consolidation on a 15 min looks like a good idea.

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Looks like a Flag, Anil
Reply
yep nice 15 min flag
+2 Reply
entry now?
Reply
So you do not mean the break-out from the (big) channel you show on the chart but the break-out from the small forming consolidation best seen on 15min chart?
+1 Reply
yes
+2 Reply
anilmangal PRO anilmangal
but it's up to you and what strategy you use
+2 Reply
I've been watching this on the hourly and lower time frames... Pleased my analysis roughly corresponds to yours!

Out of interest, what's the lowest timeframe you use for entries?
Reply
15 mins
+2 Reply
zigzag....3waves...thanks anil
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This is the 15 min flag so i'm waiting for a break out
snapshot
+3 Reply
That's a nice 15-min flag :)
+1 Reply
is this still in play?
+1 Reply
anilmangal PRO CheyanneLawrence
yes it is
+2 Reply
Nice Anil, AUDJPY broke actually the Correction
snapshot

Good Luck
+1 Reply
Anil just wanna say thanks for your efforts on sharing these great charts. I will be chasing you to be a paid student at some point, hopefully this year. GL and GT
+2 Reply
Skype me when you have time
+3 Reply
is this the breakout we are waiting for? sorry im still new to this and i am not an expert on patterns...

is this the breakout we are waiting for?
+1 Reply
Nice one!
+1 Reply
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