ElliottWaveBelgium

USDJPY - Short with awsome Risk/Reward !!

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
We are ending this impulsive wave higher in wave C of wave B of wave 2.

Wave 1 is longer than wave 3 therefore wave 5 can not be longer than wave 3 giving a clear invalidation point (stop loss) for this count.

So,

* Entry : 112,32
* Stop : 112,72
* Target 1 : 110,40
* Target 2 : 109,90
* Target 3 : 109,00
Trade closed: stop reached:
Stop reached, -39pips.
Nothing much compared to what could had been won.

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.