USDJPY EW: Bearish 5-0 Pattern to Complete Wave-2
Updated
USDJPY has completed a 5-wave impulse and is currently in a corrective structure. A 5-0 pattern is a great way to get in on this wave-c-of-2. See related idea for previous structure. Happy Trading!
Trade active
Beautiful resistance at .5 fib with very little drawdownTrade closed manually
Taking profit here at +51Pips. The corrective "X" wave following wave-C is notoriously unpredictable. I will now be looking for long opportunities.Comment
Trade closed: target reached
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