This is an update to the original USDJPY short idea posted 2 days back. We have completed wave 1 and wave 2 and is currently on wave 3. There is a break of a trendline that helps confirm our wave 3 hypothesis.
The initial target remains the same at around $140. However, the stop loss is now lowered to 147.20, above wave 2 high.
Good luck!
The initial target remains the same at around $140. However, the stop loss is now lowered to 147.20, above wave 2 high.
Good luck!
Trade active
I won't be available to keep updating this for a while. Please manage your position actively. Regularly adjust your stops down for example.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.