Hey Traders! The EW count on USDJPY leaves us with only a few potential outcomes after price retraces. I will be looking for long positions IF price retraces to the target area. I will update wave count on this idea.
Happy Trading!
Happy Trading!
Note
a|i Complete! The correction has started. Looking for long opportunities now. I always wait for the first initial impulse and grab wave three, possibly wave five as well toward target. More updates to come...Note
I will be AFK for about a bit. Keep an eye out for this AB=CD completing the C leg of the correction before potential continuation. It is confluent with a .382 fib! I'll be back to update in a few.
Order cancelled
There was a great bullish impulse but it did not reach entry point. This is why I didn't go short on the wave-4: too many uncertainties! Here we have a nice short setup emerging:
Note
Short played out perfectly. See idea above
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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.