USDJPY m-term BUY setup (wave analysis)

1st major SELL target is reached - 111.56 (actual price was 111.59) - 38.2% retracement of wave 3(yellow) and 61.8% of wave (1);
My analysis tells that entire correction (bear market) may be already done at 38.2% retracement of 27sep-15dec bull market.
bear market (wave 4) = 61.8% of bull market (wave 3) in time. (yellow)
wave(4) = 38.2% of wave(2) in time. (blue)
wave (5) looks like diagonal.
confirmation of this buy setup will be a breakout of wave's (5) channel.

If this wave count is true, m-term BUY targets are: 116.8, 120, 125.3.
Here is alternative wave count. (wave (3) extantion scenario)

So, wait for mentioned breakout to buy it!
R/R ratio may be 19.
Trade with care!
Good luck!

การซื้อขายยังคงดำเนินอยู่:

looking good.
wave (5) breakout is done.
wave C structure: trendline connecting (2)-(4) waves is left to be broken.

ความคิดเห็น:

uj needs some correction.

ความคิดเห็น:

short-term sell opportunity.
targets: 111.93 and 111.64

after wave c is done, buy it.
buy setup is valid if wave c doesnt go beyond 111.59(7 feb bottom)

ความคิดเห็น:

here we go

ความคิดเห็น:

1st sell target is reached. (112.069)
maybe one more down to 111.775.
look for buy signals.(break of wave c trendline)
sl is 111.58.
buy setup is valid if wave c doesnt go beyond 111.59(7 feb bottom)

การซื้อขายยังคงดำเนินอยู่:

looks like buy signal
wave c is diagonal (1st wave extention) wave 3 is not the shortest.
divergence is present.

ความคิดเห็น:

there is still no major breakout. shame.
uj has reached 111.77 sell target.

buy setup is valid if wave c doesnt go below 111.59(7 feb bottom)

ความคิดเห็น:

watch this breakout

การซื้อขายยังคงดำเนินอยู่:

finally major wave C(yellow) structure is broken.

now uj needs some correction before moving up.
correction may last for 6-10 hours.

ความคิดเห็น:

actually correction lasted 12 hour.
it was a running flat.
1st short-term target seems to be reached. 113.2
m-term targets are: 116.8, 120, 125.3.

การซื้อขายยังคงดำเนินอยู่:

looks like running triangle

ความคิดเห็น:

Major s-term target (113.76) is reached.

ความคิดเห็น:

possible re-buy point
c = 161.8% a (113.07)
but I think it's better to wait till Monday to re-buy.

ความคิดเห็น:

short-term targets is reached. wave 1 = wave 5.
time to fix some profits.
I think uj needs to correct last week bull market .
3-5day bear/flat market is expected.

ความคิดเห็น:

close look.
last week bull market's trendline is broken
wave A of ABC(green) is forming
abc (purple) inside A is forming.
major SELL target for wave c is 113.32 / minor targets are 113.6 and 112.87

it's my 2nd short trade today.

ความคิดเห็น:

wave A(green) objectives is done. trendline is definitely broken.
1st minor sell target is reached (113.6).
so it may turn upside now, but there is still some room to fall. (toward 113.32 target)

ความคิดเห็น:

unless price does not go beyond 114.55, it still may go down.
short-term SELL targets are: 113.94, 113.6(major) and 113.05

การซื้อขายยังคงดำเนินอยู่:

S-term buy targets: 115.47-115.82

ความคิดเห็น:

1st minor target is reached.
Pretty sharp correction started.
Disappoints. I didn't fix any uj profits. Just 2/3 of gu shorts.

ความคิดเห็น:

114.05 - possible re-buy point

ความคิดเห็น:

I don't have a clear view on UJ now.
usd goes crazy today. it breaks my planes.
I'll wait for consolidation to figure out what is going on

ความคิดเห็น:

possible scenario

ความคิดเห็น:

wave 2(green) may still be in progress
in this case, uj may fall to 113.7

ความคิดเห็น:

in case of 2 wave had already been done, this abc is just a minor correction, which target is 112.979.
price currently stuck at this level. so a probability of this scenario is increased.
take into account.

ความคิดเห็น:

wave 2 is done on 80-95%. maybe 1-2 little swings down are left
keep an eye on it!
it should give a nice s-term BUY opportunity in near time
s-term buy target would be 114.9

s-term buy setup is valid if price does not moves beyond 113.25

การซื้อขายยังคงดำเนินอยู่:

ending diagonal is formed and broken.
s-term BUY target is 115.13

ความคิดเห็น:

price went beyond local bottom.
s-term buy setup is invalid.

ความคิดเห็น:

as I see it now

ความคิดเห็น:

price went beyond 14 feb low.
s-term buy setup is wrong.

ปิดการเทรด ด้วยตนเอง:

uj looks very weak now.
it may crash in near term.
entire m-term buy setup might be invalid now.
It think it's better to close m-term longs in this situation.

ความคิดเห็น:

uj performs wave (2) - ABC (5-3-5) correction pattern.
100% target is reached.
161.8% target left.
I think it's a good time to look for re-buy point to resume advance toward 120.
If price does not exceed 111.59 m-term buy setup is valid.
watch wave C trendline breakout.

big picture.

การซื้อขายยังคงดำเนินอยู่:

looks like m-term buy setup is valid.
diagonal was formed on 5th wave.
price didn't go below 111,59 (7 feb bottom)
diagonal trendline was broken. - buy signal.
expanding triangle was formed.

การซื้อขายยังคงดำเนินอยู่:

112.89 and 113.46 - possible levels where uj may slow down a little bit
I wish uj to be unstoppable this week

การซื้อขายยังคงดำเนินอยู่:

triangle

ความคิดเห็น:

watch breakout

ความคิดเห็น:

a=c
price should not move below local bottom(112.25)

ความคิดเห็น:

s-term buy signal is invalid

ความคิดเห็น:

bigger picture
abc - flat
one swing up, one down, then watch for breakout

การซื้อขายยังคงดำเนินอยู่:

watch breakout

ความคิดเห็น:

m-term buy setup is valid if price does not go below 111.59

ความคิดเห็น:

s-term analysis

ความคิดเห็น:

looks like running triangle

ความคิดเห็น:

buy targets.
aiming 114.88 in short term

ความคิดเห็น:

moved sl at 113.72

ความคิดเห็น:

การซื้อขายยังคงดำเนินอยู่:

current look & targets

ความคิดเห็น:

m-term targets are: 116.8, 120, 125.3.

ความคิดเห็น:

possible re-buy points.

ความคิดเห็น:

114.76 target was reached

ความคิดเห็น:

possible re-buy point

ความคิดเห็น:

possible price action scenario

ความคิดเห็น:

as wave 3(yellow) was formed (114.76 target reached), correction is expected
big picture.

ความคิดเห็น:

I expect a good sell opportunity today/tomorrow after wave B would be formed.

ความคิดเห็น:

short term sell. wave C unfolds.
sell targets: 113.41 and 112.96

การซื้อขายยังคงดำเนินอยู่:

short term buy targets

medium term buy targets are: 116.8, 120, 125.3.

ความคิดเห็น:

I want to inform u that UJ reached short term buy targets before NFP report was released.
so technically it's likely to be corrected in near term to resume upward move latter.
no matter how good NFP report was.

ออเดอร์ถูกยกเลิก:

deep correction scenario.
price went below 6 feb and 28 feb bottoms.
m-term buy idea is closed / cancelled.
it was pretty nice idea. price went up from 111.59 to 115.5.
2 bull markets and one bear market were predicted, while uj m-term buy setup idea was active.
I told that short term buy targets was reached in previous update and I called for correction 14 minuted after NFP report, when price was 115.21.
now uj looks like it perform ABC zigzag correction (wave 4)
sell targets 111.11, 108.41, 107.2(61.8% retracement of 27 sep-15 dec bull market), 104.08