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glennmercer
Sep 15, 2016 4:19 AM

USDJPY Elliott Wave: Short to Bat Completion Short

U.S. Dollar/Japanese YenFXCM

Description

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!
Comments
lipikacrude
SIR I AM A NOVICE TRADER AND WANT TO LEARN BY YOUR ANALYSIS .BUT I AM A COMMODITY TRADER. PL POST ON YOUR VIEW ON WTICRUDEOIL REGULARLY. CARDIAL REQUEST
GoldHunter
I am in
GoldHunter
Hit SL . nice try
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