USDJPY: Looking for Long entry

Possible trade plan for NEXT WEEK. (currently Friday, not a good time to enter a trade).
So this is posted just to observe action on Friday and the Monday will be possible entry watch.
This is based on TA only, have been out of touch with Fundamentals.

Looks like UK downtrend might be turning (USD in general).
First EW impulse waves have had extended wave 5's, to be a very bullish signal.
Waiting for retrace to look for entry.

107.00 would be the ideal range to watch if it retraces that far.

코멘트:

UJ has not pulled back at all yet :(

But I have updated the counts a bit.
Small change to the wave 5 of 3 that we are in: it has stretched to the next .236 fib, a common overshoot.

Lets see if it pulls back from here.

코멘트:

Interestingly enough, UJ also hit the .236 extension on pitchfork that it has been bubbling near the top of:

코멘트:

Looks like it might be dropping from the .236 overshoot. Waiting to see if it bounces off previous local high or not

코멘트:

ome thoughts over the weekend, posted on chart pic:

Will wait to see what Monday does.
Looking for a pullback to gauge.


Here is the link to explain the 110.025 price:

코멘트:

Wow, what a beast. Looks like next target will be easy

코멘트:

Maybe something like this

코멘트:

Looks like they are trying to close the weekend Gap.
So I am looking for a couple possible scalps.

코멘트:

Waiting to see if they can fill the gap or not.
I expect some defense just above gap, which happens to be the 2.618 extension of gap up, and the 4.618 extension of the move today. The bottom o gap should be VERY strong support, as it will be mission accomplished, and there is the Daily S1 pivot for support

코멘트:

Definitely some bulls defending, as expected.

코멘트:

Wow, looks like Gap Defense holing so far:

코멘트:

And now a bounce.
Suspicious bounce, but there may well be a lot of buying interest

코멘트:

Attacking Gap Defense again

코멘트:

Defense breached