EverythingForex

UPDATE #2: USDJPY: Analysis - Why Is It Going Down? Crab Filled

FX:USDJPY   U.S. Dollar/Japanese Yen
224 2 2
Wow. Didn't really expect it to get down to Wolfe Wave target so fast! But it hit almost EXACTLY! as predicted. Crab pattern PRZ completely violated. Now that it's down there...now what?

I'm not taking a LONG position here as there is not any solid factors in which to take any trade. The crab pattern PRZ was completely violated so the crab is out of play. Not any solid structure to base a structure trade on. It could very well start to retrace back up towards the lower trend line of the wedge breakout but it could just as well just trend sideways in a consolidation and do nothing more until the next move down.

Again, if you look at my analysis, I'm expecting that this is only wave 1 of the coming corrective wave down so I am expecting a wave 2 up at some point.. Just no evidence of when and where that will happen. If I can determine with some certainty of the wave 2 up, I'll post about it. The big prize is of course the wave 3 down. Be patient.
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM
Like your analysis. Thx.
Reply
Your welcome. Hope it helps!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out