Looking for UJ to retest Broken Trendline/Channel and Continue up.
Uj has shown alot of indecisive price action on the past month, this pair unlike other Yen pairs has shown more bullish arsenal than bearish. I will wait to see which end price breaks towards in the MONTHS to come before engaging in this market again. At the moment it is not worth the risk.
I'm looking to go short on USDJPY if this support line breaks. Target around 109.90 but I'll be using a trailing stop here.
I am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ...
the price already break the box now pull back go long aim 2R why have to complicated
Bat pattern and Head and shoulder. both reading collide at the same Target point. Goodluck
Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related). The price was shaping the junction of wave B of ABC correction, which still emerges in this pair. Last update was done this February where I showed the possible area of wave B completion around 104.25. The price reached 104.60 area and reversed. I post this update...
This is the long term chart depicting the possible Ending Diagonal Pattern (green). What is interesting that small waves c (yellow) of the countertrend waves B (red) already two times are smaller that waves a (yellow). If this sequence would persist then it's quite possible to have it in the last wave down as projected with the red polyline. The pair could hit the...
its sell stop :) Don't forget to breakeven and respect your money management PLS !
Looking for UJ to push lower, the highs have been tested now we getting the drop
We have a potential head and shoulders on UJ. Wait for a break AND close below the neckline to enter.
Broke out descending triangle and retested it. Just PERFECT for longterm!
lots of fudamental related to this pair still to come this week so be wary. however small buy/sell zones have presented themselves for anyone looking to bag some easy pips.
following the uptrend, 4th impulse wave. watch if yellow trend line holds. Iong for 1 week- 1month buy @ 110.8 sl : 110.275