USD/JPY H4 & Daily Update

This pair broke the upper SUPPLY level area but the latest wave might be just the begining of larger scale wave 5 extension (alt:1). It is hard to say right now because the openinig gap.

There is a technical level resistance area, WS1 and 61% Fibo Ret of last swing, all in one orange rectangle area of 82.82 - 83.03.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-daily-update.html

USD/JPY H4 Update

Wave 5 has ended almost to the pip in the level.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update_13.html

USD/JPY H4 & D1 Update

A triangle breakout possible if the price will move above Fibo area.
Please notice that this would be wave 5 in my count and after that a correction is due.
 Target area for wave 5 on Daily chart.
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update_12.html

USD/JPY H4 Update

Slow, corrective wave 4 in  progress

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update_10.html

USD/JPY H4 & Daily Update + Gann Fann

Now I know what prevents  the price from moving upward.
Slight change to wave degree in this impulsive wave up, nothing much important.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-daily-update-gann-fann.html

USD/JPY H4 Update

I can not label this wave development as impulsive because wave a (wave 1) is not either in five wave nor it is a Leading Diagonal. So I'm waiting for one more wave to the downside before any new high.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update_8.html

USD/JPY H4 Update + TPI

Rationale:
Very clear pattern here - only taking out one of the areas of Supply/Demand will bring tradable setup from Elliott Wave perspective. However, there is possibility to trade this range with tight stops. Last wave so far is needed to complete the most obvious correction.

Entry:
Sell Limit @ 82.50 - 82.55
TP: 81.85 - 81.90
SL: above Supply area.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update-tpi_6.html

USD/JPY H4 Update

So far - so good.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update.html

USD/JPY H4 Update + TPI

Rationale:

According to Fibo Time Cycles, wave 4 low ended this night and now price is developing impulsive price action as wave 5 lingers upside.

Entry:
Buy Limit on Fibo retracements of wave 1 ( like 81.90, 82.00).
SL: Below 61% Ret.
TP:Above wave 3 high.


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update-tpi_5.html

USD/JPY H4 Update + TPI

Rationale:

According to Fibo Time Cluster projection WXY wave 4  is to be completed on 05thDec between 04:00 - 08:00.

Entry:
Buy Limit orders @ 81.26 and 81.01

SL: Below 80.93
TP: Above wave 3 high

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-uopdate-tpi.html

USD/JPY H4 Update + TPI

Rationale:

Wave 4 might bottom but for that to be sure the price must develop more impulsive progression now and takeout the old high of wave 3. In that outlook in mind, buying is the right action.

Nevertheless, if price broke through 82.20 level and voids the count, selling in anticipation of new low is highy desireable.

Entry:
Buy the dip into 82.20 area.
SL: 82:09
TP1:83.20
R/R:10:1

If green line broken then
Entry:
Sell the spikes into 82.20 area
SL:82.35
TP:81:80


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-update-tpi.html

USD/JPY H4 Update

Still waiting for my order to fill.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update_28.html

USD/JPY H4 Update

 Nice reversal from H1 Time Cluster and 23%Fibo Retracement.
Latest move up looks like nice impulse in five waves. It might be the begining of wave 1.
Long order still in play.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update_27.html

USD/JPY H4 Update + Trading Plan Idea

Rationale:
Fibo Time Analysys indicates a nice time window for wave 4 to end ( as shown onTime Analysys chart). As I'm still biased long (we have not finished the upside progression just yet) I will wait for good oportunity to buy USD/JPY.
I have placed three Buy Limit orders (Entry):
-first into Weekly Support Level 1 and 38% Fibo Retracement of wave 3. SL:81.09 TP: above wave 3
-second into 61% Fibo Ret of wave 3 in case of more sudden wave C occured.
-third one is agressive order for a day-scalp @ 81.94 in case wave (c) finished on 23%Fibo Ret. SL:15pips.TP: 82.50

Take care,
Seb

 
 

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update-trading-plan-idea.html

USD/JPY H4 Update

Wave 3 has finished.

Correction phase now, then wave 5 to the upside.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update_24.html

USD/JPY H4 Update

Looks like wave 3 might be finished: at 82.65 wave 1 = wave 3 and so far Fibo Cluster above prevents the price from any move higher.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update_23.html

USD/JPY Daily & Gann Fan Update

No mercy here: first Fibo projection broken. Will Gann Fan line provide some resistance?

Please notice where the next projecion is: just above the previous high.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-daily-gann-fan-update.html

USD/JPY H4 Update

Target levels for wave (v).

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-update.html

USD/JPY H4 & Daily Update

Bulls all over the place.

Projection levels that might act as a resistance are on chart together with weekly pivot levels.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-h4-daily-update.html

USD/JPY Daily Count + Gann Fan

First time here on blog USD/JPY Daily Elliott Wave Count.

Started from the low of wave 5 as the pair had finished the important cycle low.  Right now very bullish outlook.

Wave 3 looks finished, so now a little retrace needed befor final wave 5 will develop.
Regression channel shows direction.


Stay tuned for H4 count.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-daily-count.html