AbhishekHSinghCMT
Short

USDJPY- Irregular Flat + Bullish Bat + ABC structure

FX:USDJPY   U.S. Dollar / Japanese Yen
245 5 4
Since July 2014 to June 2015 USDJPY             had an impulsive rally from 100 mark to 125-126 zone. Once the impulsive rally ended, the pair has started retracement in the form of ABC Structure which is irregular flat structure from Elliott Wave Point of View (A is 3 Waves down) ...Bounced in B-Wave (B-wave is also 3 Waves but complex W-X-Y             structure-which retraced almost 80% of A-Wave             ---which is minimum requirement for a flat structure). Currently we are having C-wave             which is running & we could start trending move down & 80% chances that JPY can become more strong or U.S.Dollar could weaken as compared to JPY. I am looking the zone of 107-108 where C-wave             could finish 161.8% of A-wave             . To confirm or have confluence, we also running Bullish Bat Pattern whose D-Point could finish even lower than 107-108 zone. Guys be ready, Asian Markets could have action starting tomorrow where India Nifty             will lead the asian markets in falling if goes below 7580 & later on 7400. Intraday 7700 will be strong support for India Nifty             .
Regards,
Abhishek             H.Singh,CMT
Trade active: USDJPY----Bang On....We are very close to 100 pips profit since last update when pair was trading@111.15....................
Trade active: Bang On....for India Nifty...USDJPY gave very important clue. JPY getting stronger is always bad for asian markets....India Nifty crashed 177 points...Main Culprit was India Bank Index--500 points down...Thank You ...USDJPY ( Intermarket Relations are boon for trading community)....Regards, Abhishek H.Singh,CMT
Trade active: The pair kissed 100+ pips since yesterday.......Current Low -110.06.......Bang On....Regards, Trade with care.
Abhishek H.Singh,CMT
Trade closed: target reached: USDJPY...Expected in the zone 107--108....Low of the session was 108.01...Booked 300 pips profit .let us take rest before we go long for short duration for targets between 110.30--110.75
Regards,
Abhishek H.Singh
Comment: USDJPY---Enjoyed the fall ...Vow 300 pips profit since 4th April 2016 ....Bang On. Regards
Comment: USDJPY is very close to unfold recovery bounce which is not confirmed yet but surely avoid taking shorts. once it sustains above 108.60..We shall look for bounce in the zone 110.30--110.75. Regards,Abhishek H.Singh
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Step by Step...We should approach...going forward...we will go long for targets 110.30--110.75
...later we will sell again in that zone of 110.30--11.75 for targets below 108.01....Regards, Abhishek H.Singh,CMT
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I am expecting USDJPY to recover & enter in the zone 110.30--110.75 ....Before it starts falling back again & shall make new low...even below 108.01
That will most probably complete our structure
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USDJPY ....made a low@108.01.......looks like a halt in the fall...we are done 300 pips profit from 111.15. Take rest before we go long for short duration
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USDJPY...300 Pips running profit.................Regards,Abhishek H.Singh,CMT
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USDJPY.....Very Close to 200 Pips running profit.....Trade with care...Regards,Abhishek H.Singh
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