USDJPY sell setup.

FX:USDJPY   U.S. Dollar / Japanese Yen
9082 39 222
The USDJPY             broke out of the 240 up trend and is consolidating under the trend so selling the breakout of the consolidation is a good idea.

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Great work anil
what do you think about this update view?
Gosh Anil, never seen so many charts posted.
Your fan club is growing. I'll join, I don't mind sweeping the floor:)
Thanks for sharing the webinar on youtube, I could not make it on time. It is good that people can catch it up later.
+2 Reply
You are welcome, please share it
Am I doing it right or wrong ..
KayJay fpatel15
doing it right, just observe the three basics rules and you wont find much trouble
+1 Reply
Actually, the EW rules are really complex. There's a lot more to watch than 3 rules.
KayJay IvanLabrie
Yes, Ivan there are but the most simple way to trade them is to trade the 3rd wave's because either it's trending or making a correction market will move at least three moves in one direction :)
It goes beyond that. How to define a wave, and other subtle things. I mean, it's not as simplistic as you may seem. Your definition has to be objective, repeatable and rules based, for me at least.
KayJay IvanLabrie
@Ivan your absolutely right on that their are not simple coz otherwise everyone would have been millionaires by now :)....... as usual great advice from you.
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