Short

UJ short after remarkable climb

Updated

Looks like a 12345 up is complete, and into a resistance zone.
Expected either an ABC correction, or a full blown 12345 impulse down (which could be the A of a bigger ABC)
Watching for now, waiting for signs of Yen strength or Dollar weakness

Always risky to trade against the trend and the trend has been strong.....

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Currently watching for break below new daily pivot, retest and rejection for possible signal

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Revisiting Daily Pivot. Waiting for break and retest

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Pivot broken, waiting to watch behavior now.

Trade active

Entered short while phone in grocery store :)
I think this first impluse down will end at 110, and bounce.
Will watch the bounce to decide to get out with profit or to ride for bigger target.

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Should be pretty close to making the final leg down of this micro impulse.

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This wave 4 (if that is what it is) has me nervous

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I think my microscopic wave count may have been wrong. maybe w5 done and in ABC now?

Trade closed manually

Trailing stop hit. Got some profit anyway.
Until next time UJ !!! I will get you yet :(

EuroMotif

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