USDJPY short term SELL setup

13 de jan. de 2017

#usdjpy is in corrective pattern ABC (yellow wave 4)
wave C (yellow) is still forming. We waiting for final 5th wave move down, which is expected to start after 4th wave (abc pattern) is accomplished.
currently we have completed wave A(up) and forming wave B (down), then it should make wave C (up) in smth like 2 days.
Trade idea:
Wait for flag in wave C and SELL it! I think wave C shound not exceed wave A.
When yellow wave 4 (ABC) is accomplished, there should be final wave 5 (yellow) move up
good luck!

PC: 2 days ago I got 209 point on 3rd wave, after ABC pattern of 2nd wave was formed.

17 de jan. de 2017

Trade fechado: objetivo atingido

hi!
abc pattern of wave 4 is 3 times shorter in time then abc pattern of wave 2.
final downward move(wave 5) comes much earlier, then we appreciated.
target is reached, we touched trend line, which connects 1 and 3 wave's ends.

it means that 4th wave (yellow abc pattern) is completed. and final yellow wave 5 of upward move is starting.
now look for buy setups.
good luck!