Waiting for development of D wave to enter Long. The ichimoko will guide the support position.
Looking at 4h and daily charts a corrective a structure will be seen. And I also see a corrective on 15m chart. So I am looking for sell setup
Nicely bouncing off 76.5 fibo on its way to complete 5th wave.
It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing...
wait for the C wave to complete before making decision to go long.
USDJPY is falling, now seen in fifth wave of decline of wave C) which can be in final stages now. As such, traders should be aware of a bounce ideally from around the lower channel line that comes in near 109.00. Minor five waves up from there and back to 111.50 will be an important evidence for a change in trend.