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Rykin_Capital
Dec 15, 2020 1:54 PM

JPYUSD is running up! Long

JAPANESE YEN / U.S. DOLLARICE

Description

Running and not ruining... itself. We're obviously bullish here for a variety of reasons, and have been for some time on the hourly chart. Going up here, and more or less at the end of this local impulse. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.

Trade closed: target reached

15 DEC first target

Trade closed: target reached

Now the second target

Trade closed: target reached

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