Wave-Trader
Short

USDJPY Expecting sell setup

FX:USDJPY   U.S. Dollar/Japanese Yen
Hi fellows, i am expecting breakdown of this ascending broadening with some strong candles. If price break up the upper trend line clearly then i will look for change in trend and change in structure. Once price will hit my upper broadening wedge trend line then i will look for sell based on price action at my upper trend line .
Comment: If price do not breakdown small ascending channel and do not continue bearish trend then look for sell from top here is the update.
snapshot
Comment: Expecting change in trend will update very soon.
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Hello, what price are you expecting a breakdown? My thought was about 104.8-104.9, taking out the previous high of 104.63. Thank you for sharing!
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105.000 my friend lets look at the price action there.
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fxrandal Wave-Trader
Thank you!
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my pleasure mate
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I had a long position and sold @ 104.45 when I saw the drop accelerate and despite it didn't make it up to 105. I will wait until the pair drops to 100 before re-entering. Thanks for your analysys Wave-Trader, much appreciated.
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carl.vanhaes carl.vanhaes
Or...do you think usdjpy will still make it to 105? I wonder if this big black candle on the 195 and 240 isn't just a bull trap..
+1 Reply
Wave-Trader PRO carl.vanhaes
it is possible that price gonna hit the 105 but now chances are less as you can see strong rejection from top.
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Wave-Trader PRO carl.vanhaes
We also looking for buy from that point mate.
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carl.vanhaes Wave-Trader
Thanks again for your analysis, I bookmarked your page!
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Wave-Trader PRO carl.vanhaes
cheers mate.
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USDJPY is just sitting there and not moving. Makes me nervous. Pretty much consultation. Do you think it will still wave down?
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carl.vanhaes MartialFOREX
I believe USDJPY is now a buy, all divergences in all indicators have cleared, on all time frames. Iw we are lucky, we could now buy on reaction. There is a strong resistance around 105.5, a descending trendline. Will perhaps stop prices
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ender.genom carl.vanhaes
let publ your charts, please
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nice setup. thank you for the great work.
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Bravo.. excellent work!
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Update after election huh? :) Don't blame you. Thanks for your work, I'm enjoying your analysis. BTW, with a Hillary win (just shoot me) I don't see why UJ couldn't test the 105.60 range this week. What do ya think?
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