Ok, first. I'll describe what is going on now and then I'll let you know what I think is going to happen longer term.
What you are seeing is the move up from the lows set on 8/16. My members were alerted to go LONG on this pair back then expecting this move higher and have already banked +183 pips (+366 pips actual) on this move up by closing half our positions and leaving another half to keep running (let winners RUN!) for more profits. But the reason I had advised to close 50% of the positions and go ahead and put that money in their pockets is because prices have now complete the crab/bat combo patterns here and I expect that prices will now pullback before moving higher again. I'll be alerting my members as to when is a good time to again BUY for another push higher. Are you LONG yet? Do you want to be alerted?
I published this MONTHLY CHART to my members back on July 31st alerting my members to the STRONG possibility that we may get a nice reversal coming and to prepare for that. This chart shows that prices were hitting the LT DT and bouncing off of it. ...
Here's the updated MONTHLY CHART. showing that the TL is still holding and rejecting any price declines from heading lower.....
As you can also see on my MONTHLY charts here that this move down I have labeled as the wave A of a MUCH larger wave (B) decline. That means that the next move up would be the wave B of (B). Hardly the "exciting wave" we are looking for. No, that will have to wait for later and that would be the wave C of (B) down. Won't happen for a few months at the very least. BUT we can trade this wave B which we are doing. My members and I WILL be banking hundred and hundreds if not THOUSANDS of pips on these upcoming moves. What will you do? You can struggle on your own or join us and make BANK!
Here's the updated WEEKLY chart showing prices dancing and being rejected by that DT TL....
And here's the DAILY chart I published back a week ago forewarning that we were to see a bullish move upcoming and to hold on to the BUY trade I issued on 8/16. In fact, I am so sure of it that I closed my previous 2 SHORT trades that I had held for almost 12 MONTHS and banked over +13,000 pips on them!
Here's the updated DAILY CHART showing what I think is possible for this move up. There are 2 POTENTIAL patterns that are relevant here. A Gartley and a Bat:
So you see that overall, I am now QUITE BULLISH on USDJPY for the next few months at least.
We've already banked (NOT paper profits! REAL MONEY!) over +366 pips on this move up that we predicted to happen 2 weeks ago. We're going to be banking A LOT MORE! Will you? Or are you letting penny-pinching get in your way? This month alone in August, we've already BANKED over +3700 pips in our trades. And we have some more open trades we have not even closed yet! Those profits are not even included yet (since they are only paper profits). Wanna join us and cash in? It's easy. Just CLICK HERE.
Great Analysis as always. So far I am liking what I am seeing. Good luck mate!
AhmadFarhan
⋅
Do you offer a trial period?
EverythingForex
⋅
You can still get 50% discount on a 1 month trial. Click here: goo.gl/TJggoR
EverythingForex
⋅
*DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!