Hi fellows, i am expecting breakdown of this ascending broadening with some strong candles. If price break up the upper trend line clearly then i will look for change in trend and change in structure. Once price will hit my upper broadening wedge trend line then i will look for sell based on price action at my upper trend line.
Komen
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If price do not breakdown small ascending channel and do not continue bearish trend then look for sell from top here is the update.
Update after election huh? :) Don't blame you. Thanks for your work, I'm enjoying your analysis. BTW, with a Hillary win (just shoot me) I don't see why UJ couldn't test the 105.60 range this week. What do ya think?
itahirmasood
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Bravo.. excellent work!
tengteresa
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nice setup. thank you for the great work.
MartialFOREX
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USDJPY is just sitting there and not moving. Makes me nervous. Pretty much consultation. Do you think it will still wave down?
carl.vanhaes
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I believe USDJPY is now a buy, all divergences in all indicators have cleared, on all time frames. Iw we are lucky, we could now buy on reaction. There is a strong resistance around 105.5, a descending trendline. Will perhaps stop prices
ender.genom
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let publ your charts, please
carl.vanhaes
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I had a long position and sold @ 104.45 when I saw the drop accelerate and despite it didn't make it up to 105. I will wait until the pair drops to 100 before re-entering. Thanks for your analysys Wave-Trader, much appreciated.
carl.vanhaes
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Or...do you think usdjpy will still make it to 105? I wonder if this big black candle on the 195 and 240 isn't just a bull trap..
Wave-Trader
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it is possible that price gonna hit the 105 but now chances are less as you can see strong rejection from top.