USDJPY - Up to 113.25 before decline - Wait for NFP data !

Wait for this correction higher to end to add to your short position.
USDJPY remain bearish as long as it's trading beneath 114 region!

Note

Note

Entry 1 was filled at 113.64 !
Entry 2 : 113.58
Trailing stop reached for both @ 112.55
E1 : +109pips
E2: +103pips
------------------------
Total : +212pips

Note

If this zone holds, I would not be surprised to see a sharp reversal to the downside

Note

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Note

I will to post my ideas here for easier access
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Note

It's possible to count 5 waves for wave (c).
Will we see the price reverse from around here ?

Note

Price reversed hard, more than expected actually.
First Target at 111 touched.
After a pullback looking for 109-108

Note

Can take a big part of profits now

ElliottWaveBelgium

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USDJPY - Short towards 110 to 108 - Good Risk/Reward

by ElliottWaveBelgium

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ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
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Thanks !