glennmercer

USDJPY Elliott Wave: Short to Bat Completion

Short
glennmercer Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Hey Traders! Here is an update on USDJPY. Another bearish actionary wave indicates a double zig-zag correction. Pinbar resistance presents an optimal entry with a tight R/R. Unless 101.443 is broken I will be long toward a long wave-3 if/when this short follows through to completion. I will update as waves complete. Happy Trading!
Trade closed: stop reached:

Sideways correction in Wave-B continued. I will be looking for actionary waves and will update this idea with a new one if I take another trade. Good luck!

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