USDJPY SHORT
Updated
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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