EagleTrades
Short

In consolidation watch for a breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
306 1 6
Consolidating below the 50 days average, it looks like we are heading to retest the support of main consolidation near 116. Watch for a break below or above trend line of this consolidation might signal the next direction towards the outlined targets.
I don't get why you don't get more comments or thumbs up in your charts...one of the most accurate chratists in this site, and others come with more flashy charts, or outlandish trading income claims and capture people's attention.
Funny, right?

Seems good that I placed my sell stop under this congestion, but now that you bring the wedge formation to my attention, I think we might validate a point 5 and even 5" from a Wolfe Waves pattern before commiting to the downside (which seems unavoidable).
+1 Reply
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