Where are we now? and where to go from here?

FX:USDJPY   U.S. Dollar / Japanese Yen
1041 16 27
As shown in the chart guys, USDJPY             did a very strong up move. It retraced 50% back up in 8 weeks what took more than a year of downtrend. The trend is clearly up by all the rules that you can find out there about trends :) I still see many talking about the big short etc. Well yes it may just plumb down and yes we may have a deep correction, but the problem is the guessing of what will happen next. We do better if we react to what signals the chart is giving us and play after those signals.
Comment: Battle recap!

Well, it tested your 61.8 and backed off... Tomorrow will have some fundamental factors. Wonder which way this will go :-) My hope is down for personal reasons but it seems the consensus is up!
Abozahra BrianStamper
@BrianStamper, Well yes tomorrow is the day :) the hike is already priced in up to 100%. So i will be listening to what Yellen have to say about 2017, that is the most important thing imo. If they hike and don't give strong hint about more hikes in 2017 i think we will start to see the down correction. If she gives clear hints about more hikes then this thing will keep flying :)
@Abozahra, I'll give her a call and make sure she says the right things :-P
Abozahra BrianStamper
@BrianStamper, hahhaaahhaa :D
@Abozahra, she did NOT listen to me!! Ugh the draw down!
By opening day its short down, but as i can measure USD will recover till 16h
Abozahra contact.movidrom
@contact.movidrom, Nice prediction USD did recover a bit! Thank you!
Just started following your work, very similar to the way I trade. Top stuff my friend!

I think with this its best to waiting until we get a close under the previous day low and a 2nd confirmation with a close under either the 5 or 8 day ema. Then we can be sure the momo boys are done for a while. Until then they will be buying the dips.
@rb5, Ow thanks for you kind words and your support!

Yes there no rush in this game and specially not in the trade, we will have the time to get in coz there is lots of the room down the way :)
Hello guys !!!
We have also soo many divergences .
crosses on daily and 4h time frames on stochastic .
fibo 61.8 .
Libra form on 1 hour time frame also .
i thinks there is correction on the way .
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