daytradersfx
Long

USDJPY weekly continuation pattern (UP!!!)

FX:USDJPY   U.S. Dollar/Japanese Yen
288 4 2
The USDJPY             has just broken out of a weekly wedge and is now ready for a move into the weekly 61.8% fib level which sits around 105.00 area. Look for opportunities to get long around/just above 99.00 (30-50 pips of pull back before entering)
I believe that this break out is a fake-out, and that we may see $94! I know that sounds outlandish, but that is what the WOLFE WAVE is suggesting! I havent posted a chart yet, but I will.
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Good luck with the Wolfe wave, hope it's not a full moon! ;)
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BBFX daytradersfx
:-)
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The WERE-WOLFE wave got me thinking, so I've taken partial profit at 100 pips and locked in 50 pips on the remaining portion of my trade. Thanks for disagreeing with me, it was very helpful!
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