USDJPY: Followed My Projections Almost EXACTLY! Now What?

1 dic 2016

Excuse me for not having published here for awhile but just been very, very busy lately! But to be sure, part of that being busy is busy trading and banking profits! For example, 3 MONTHS AGO, I gave you my SETUP OF THE MONTH and said that we were about to see a MASSIVE MOVE UP in this pair. See this post: USDJPY: This Is My "SETUP OF THE MONTH" Don't Miss This!. Then I followed that up a week later on Sep. 11th with a projection of the possible pips you could expect from that move up (see this post: tradingview.com/chart/USDJPY/yHN88mNI-USDJPY-Weekly-Update/). I predicted that we could see about +1200 pips or more of profits!

Well, here we are today, 3 MONTHS later and so far we've seen almost +1100 of those +1200 or so pips that I was expecting to see! I hope you LISTENED TO ME! So are we going to see even more pips and possibly see it even go HIGHER??? The short answer is YES! I've already prepared projections that show it. But for now, what we are seeing is the end of the wave iii of 3 coming very soon and then we should see a significant retrace before another strong move higher. Don't jump the gun though! This wave iii of 3 is not exactly done yet!

ANALYSIS

There was a COMPLETED Crab pattern in which prices are now testing its PRZ. Wave count shows that it is in the final minor wave (5) of the wave iii. That wave (5) is not yet complete therefore another reason to think that this wave iii is not yet finished. There is also now solid divergence that has formed but we need to see a solid SELL signal setup to confirm the end of this wave iii.