Hi fellows, i am expecting breakdown of this ascending broadening with some strong candles. If price break up the upper trend line clearly then i will look for change in trend and change in structure. Once price will hit my upper broadening wedgetrend line then i will look for sell based on price action at my upper trend line .
If price do not breakdown small ascending channel and do not continue bearish trend then look for sell from top here is the update.
Expecting change in trend will update very soon.
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Update after election huh? :) Don't blame you. Thanks for your work, I'm enjoying your analysis. BTW, with a Hillary win (just shoot me) I don't see why UJ couldn't test the 105.60 range this week. What do ya think?
I believe USDJPY is now a buy, all divergences in all indicators have cleared, on all time frames. Iw we are lucky, we could now buy on reaction. There is a strong resistance around 105.5, a descending trendline. Will perhaps stop prices
I had a long position and sold @ 104.45 when I saw the drop accelerate and despite it didn't make it up to 105. I will wait until the pair drops to 100 before re-entering. Thanks for your analysys Wave-Trader, much appreciated.