USDJPY sideways consolidation continues which surely has the look of  a triangle. It remains to be seen what sort of a triangle it would prove to be. Our strategy remains unchanged to buy the dips in 3, 7 or 11 swings [jwplayer mediaid=”129356″]

Wave (( b )) is in place at 1.4510. Wave ( a ) appears to be a 5 wave move. Expect a corrective pullback toward 1.4581 – 1.4602 from where the pair should turn higher toward 1.4770 to complete a 7 swing structure up from 1.4371 low.  Hourly cycles are positive so we don’t like […]

Wave (( b )) has completed @ 97.78. Now, expect to see a pull back toward 98.19 – 98.32 and further strength toward 99.39 – 99.90 area to complete cycles from 96.91 and 96.52 lows. We don’t like selling the pair into wave ( b ) pullback and like buying dips. Learn more about Live […]

Dan Hussey brings you the recap of Friday’s Live Scalping Room. Take a look to see what setups he looked at [jwplayer mediaid=”130256″]

Pair turned lower sharply after a failed test of 135.50 peak and the decline clearly looks to be impulsive. Pair is close to completing wave iii of ( iii ) of (( c )). It should make corrective pull backs and keep trading lower toward 133.04 which is (( c )) = 1.236 x (( […]

Wave (( b )) of C is considered completed @ 1.4497. While below 1.4448 and more importantly 1.4497, expect weakness toward 1.4330 to complete wave ( a ) of (( c )).