FX:USDJPY   U.S. Dollar / Japanese Yen

Longer term we seen USDJPY do a BULLISH IMPULSE starting from the trump election. The movement been so important that the market been in consolidation since then.

We can see different kind of pattern that is forming within this consolidation. For the eliott trader, we know that the market normally do a single consolidation when the movement is important can do a double correction and when the movement is extreme, can do a TRIPLE CORRECTION. This is what I see. First it did an ABC correction. Then it went for a W and again a W.

On longer timeframe, we can see that those 3 corrections created a huge CUP. For those trading pattern, we know that a CUP tells us a trend continuation. Plus on daily timeframe , the market is outside of the bollinger band 50 periods. My last confirmation been that MONTHLY SUPPLY & DEMAND AREA.

So here is why I bought.

Trade with care,
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out