Short

USDJPY Watch for impulsive breakdown

Updated

Hi fellows, USDJPY is losing upside momentum. Watch for impulse on lower time frame for downside. In case price break up then we will watch for TCP ( Trend Continuation Pattern) outside the descending channel for upside. Good Luck fellows.

Note

Price testing the trend line. Short term trend is still up dont sell early. Watch for impulse on lower time frame if impulse appears on 15 minute time frame then look for sell. Any sell before the impulse appearance gonna be against the short term up trend and gonna be early sell so watch for impulse on 15 minute time frame before jumping in the market. Good Luck fellows.

Note

Price action getting stronger on lower time frame.

Note

Price action is getting good Under the trend line watch for impulse. Impulse is about to due. Here is the update fellows.

Note

For upside price has to break up clear than it will give us signal that it is going to continue. As long as price gonna stay with in the channel or breaks up correctively this will not change the short idea. Only short idea gonna change once price clearly break up with strong candle and forms TCP. Here is the update.

Note

Price has broken the trend line watch for TCP fellows.

Note

So bears are strong. Watch for another TCP

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Potential is still there fellows.

Wave-Trader

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