Subjugal
Long

Elliott Wave and ABC Correction Pattern for Fib Retracement

FX:USDJPY   U.S. Dollar/Japanese Yen
3 months ago
Hello,

this is my first try to publish a trading idea. Since I am not very experienced this is just an idea.
As a rookie in trading I would appreciate helpful suggestions about this idea.
I did this cause I took so much from others ideas and analysis, so I had the feeling I should try to do an idea of my own.

It´s a simple Elliott wave and ABC correction combined with Fib 0.50 retracement for target of trade. What I like: the 0.50 Fib retracement is kind of resistance and former support level.
3 months ago
Comment: Since last low has been broken to downside my leg (B) of ABC correction figured out to be wrong. Either leg (B) reaches more to downside or we haven´t yet reached the end of Elliott wave pattern downwards.
Damn, that hurts.
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