USD/JPY ELLIOT WAVE FORECASTING!!! Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 17, 2021 1:38 PM

usd/jpy lower time frame it is trying to complete 4th wave(ABCDE Triangle) after it complete triangle it could be reach to 1.618 fibo (104.800)
for complete 5th wave. pattern invalidation level will be 103.450

falling wedge on daily chart

Trade closed: stop reached

⋅ Jan 21, 2021 5:27 AM

Comments

Brain_haddin

⋅ Jan 17, 2021 5:51 PM

Nice one mate. Keep it up 👌

AmithS

⋅ Jan 17, 2021 6:03 PM

@Brain_haddin, thanks bro!

TheSignalyst

⋅ Jan 17, 2021 4:08 PM

what a massive reward ratio here! i like this kind of setups!

AmithS

⋅ Jan 17, 2021 6:03 PM

@TheSignalyst, thanks

botly

⋅ Jan 17, 2021 2:44 PM

good luck, i wont be entering long from there and OK to miss out. I think it may come lower, i'm eyeing near the 1.03 level for a reaction

AmithS

⋅ Jan 17, 2021 6:03 PM

@botly, thank you for sharing your idea!

abel11

⋅ Jan 17, 2021 1:55 PM

exceptional analysis, keep it up.

AmithS

⋅ Jan 17, 2021 1:55 PM

@abel11, thanks !!!!