USDJPY: 115 is not that far Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 21, 2017 10:29 PM

Traders,

Our signal has entered long trade on UJ at 112.2. Now hit 113.2, tp1, making 100 pips already. What is next?

115 IS NOT THAT FAR.

Assum thay purple curve is the long-term corrective wave for UJ on daily chart. Here it is a ABC wave , and C is start of
this bullish wave. Hitting 115 is one thing, UJ need a correction wave after hitting 115 and make a strong rally
to break 115 to prove that this is just a bullish ABC wave up.

Less is more!

Trade closed: target reached

⋅ Oct 23, 2017 12:38 AM

signal on UJ sent out last wk, hit all tps at the beginning of Asia morning.
+180 pips closed with .

Comments

TruKING852

⋅ Oct 22, 2017 5:58 AM

im targeting 118 by year end..

ronaldmok21

⋅ Oct 22, 2017 2:26 AM

Hi all, does it mean that once it hits 115, it will need a correction down again before it starts another bullish wave?

sherturk

⋅ Oct 22, 2017 1:14 AM

Nice one mate thanks

sohuyukewj

⋅ Oct 21, 2017 11:22 PM

Thx 4 e idea

usvszi

⋅ Oct 21, 2017 11:22 PM

Hi, Leazpo here. Thanks for the very good analysis. Please post more so we can all learn.

vutamarok

⋅ Oct 21, 2017 11:21 PM

thanks for the analysis!