USDJPY – Targeting Structure Break for ABC Sell Setup

📉 USDJPY – Targeting Structure Break for ABC Sell Setup 📉
🔹 Timeframe: 30M
🔹 Methodology: Elliott Wave + AO + Structure Break + BBMA

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🔍 Current Market Outlook:

I’m currently observing Wave 4 playing out as a complex correction. Price is pushing toward the key level 142.796, which I expect to break structure (BOS) to the upside.

Once that level is cleared, I’ll be watching closely for signs of an ABC corrective move to form — setting up a high-probability sell opportunity aligned with the final Wave 5 leg.

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🧠 Key Technical Highlights:

✅ Wave Count:
• Wave 3 is confirmed by the strongest momentum on the AO
• Wave 4 is unfolding and approaching structure at 142.796
• AO shows decreasing bullish momentum, hinting at possible exhaustion

✅ Plan:
• Wait for break above 142.796
• Monitor for completion of ABC correction
• Enter short after C-leg confirmation
• TP at 1.618–1.786 Fib extension zone (141.818–141.614)
• Anticipating bullish divergence on AO by the end of Wave 5

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📌 Confluence Checklist:
✔️ Wave theory
✔️ BOS expected
✔️ Fibonacci targets
✔️ AO divergence setting up
✔️ BBMA structure alignment

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🎯 Strategy Summary:
Break 142.796 ➝ Spot ABC ➝ Enter short on C ➝ Ride Wave 5 ➝ TP @ extension zone

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💬 Share your thoughts—Are you seeing the same potential Wave 5 setup? Let’s discuss.

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