It seems like we might have a textbook style 5 wave impulse move to the downside provided by UJ.
Wave 5's target is extracted from the fibonacci extension of waves 1-4.
Target: 125:500
Wave 5's target is extracted from the fibonacci extension of waves 1-4.
Target: 125:500
Trade closed: stop reached
Beautiful move by UJ earlier today fueled by the JPY interest rates decision. It was unfortunate that it went against my analysis and structure.
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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.