shevectorie
Short

Complete EW count stops before a major resistance

FX:USDJPY   U.S. Dollar/Japanese Yen
87 1 2
Withdrawing my earlier analysis because of a new complete 5 impulse EW.
Its bottom is gonna get retraced and will not recover until point C.
UJ no longer safe for bulls in my opinion.
T1 should be the 1.21 fib and max should be 1.6 projection of wave A

(I am not in this trade, I have no available remaining positions)
Enter at your own risk and stop loss according to risk appetite.

Beginners should stay away unless you completely understand the theory. Going down will be PAINFUL because this is a counter trend move.

I guarantee NOTHING.

Shout out to manijeh.kazemi.33 for posting his EW analysis.

Good luck.

***update: Waiting for an abc correction and another big red candle.
shevectorie
a year ago
No valid entry signals to go short as of the moment.
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