FX:USDJPY U.S. Dollar/Japanese Yen
In my previous post on this pair (see Related Ideas: "USDJPY: Contracting Triangle Done? What's Next? Wave 5 Down?") and on the chart, I had noted that I would SELL upon a break of the triangle pattern and on the break of the B point line. Prices have broken through both points. But I will be waiting to SELL on a retrace and retest of the triangle's lower TL. Prices may very well keep dropping in a wave 1 but if I am correct and this is a wave 1 of wave (5) decline, then there is soon to be a wave 2 retrace which I would anticipate will retest the triangle pattern.
BIG NEWS! Want a FULL WEEK of FREE ACCESS to my member's charts & analysis? If you want it, PM me! Also, for all who PM me, you will be entered to win a FREE MONTH'S Subscription! PM me for details!