dojitrader

Enticing Reward For Little Risk

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
0
Still like the Ending Diagonal first published by traderWgun several days ago:
Slightly fine tuned and the 5th wave is a little hard to see the 3-3-3 internal
wave structure, yet, the classic 5th wave trend line overthrow has occurred.
BUT, for only 30 pips or so of risk the possibility of 250
pips of total reward is very enticing pattern to me.
I'm thinking it will hit the trend line again and reverse, even though
my ideal entry is 104.48 - a little higher.
104.22 or so might be a better entry as that would be the .618
retracement from the recent high to swing low.
As always the candlesticks might give us a good entry trigger.
Coming right in the middle of holiday celebration might mess the
harmonics/symmetry up a little bit.
MERRY CHRISTMAS ---- !!!!!! TO ALL
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