cmc

this consolidation comes to confirm the south direction of the price

i'm expecting a mini flag( correction) to up for a long confirmation

a long entry pattern ...

if it remains a simple ABC then it should follow an impulse upwards

big correction in progress

if the leg up breaks the top, then after a leg down we will have one up, if not break it is possible to go more down

waiting for a long signal

wait the breakout

near end of correction

short is limited. We wait for the first long signal

May be the time of a reversal.I'm waiting for a corrective pattern down (w2) and then wait for the long signal

If the up movement was an ABC correction, it comes a wave down

I think Tuesday can wait for the short signal

the first long signal is the break of the trendline in less time than the wave5 formation: confirming termination of the square impulse the price closes over the previous 4 wave.

The last wave up was a correction, too many intersections of the waves. There is a downward impulse. That can lead to a trend up of usdjpy ...

If the abc correction is completed, there is a minimum reward of 500 pps for the first target

1.after a flag to climb directly 2.or make a way down to 104.5 and then climb violently

correction