This One is a Beauty #USDJPY

I have been following this one for a while and it seems tha finally we have a swinging low to confirm the LTL.

Now, I expect price to go up, and touch that violet trend line. Than a raher small fall and most-likely will break north.

Lets wait and see.

The daily chart demonstrating the huge diamond formation most-likely reversing trend (correction).

A Fast Counter in #EURUSD

Cashed in some profits on this trend line break. Used MACD bull divergence in my favor. These work very well when the target is not very far and the R:R is clearly worth it in this case something close to 1:3. These also work really well in low activity market timing.

I was anticipating this move late NY session.

The 15 min. chart showing the trend line and actually a 'comb' formation backed up by a clear MACD bull divergence.

#USDx short term divergence

With the fast upward acceleration that the USD received today, market makers posted stop hunting @ the 73.93 level in USDx. Therefore, a short term MACD bear divergence was created as to correct the price.  

I truly expect USD related pairs to be 'on hold'  as the USDx will drop towards the 73.69 (which was the previous stop hunting trap) level most probably until the later hours of the US session. Than it should resume its short term uptrend for most of the day tomorrow. I expect the USDx to take out this weeks high at 74.04 thus changing this weeks main move to UP.

Likewise It's most probable that GBPUSD will rise during US session and slide tomorrow and take out the low of the week @ 1.6323 thus changing this weeks main move to down.

Similar picture on the EUR: Prices will most likely rise until the later hours of NY and than for tomorrow it most probably will take out support @ 1.4556 thus changing the main move of the week to down and considerably favoring an expansion south on Friday as well.

The same can be said about other pairs too such as Aussie and others.

#EURUSD

As expected, LTL of EUR rising wedge as been taken out. Entry below 1.4647 was perfect.

Very small Stop Loss yielding good profit already. This might turn into a positional trade.

Will keep you posted.