derekvela

Bearish 5-0, may trigger bearish swing.

Short
derekvela Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
bearish 5-0 pattern, it found resistance off the daily trend line, we could be going down long term and this bearish 5-0 pattern may be your opportunity to jump in, Stops will be above the 113. If prices go above there's a good chance this will continue the trend up.
Comment:

Watch out may follow through with the 5-0 but this may be the ABC move of the elliot wave, if it plays out as we expect it may form a cypher right on the trendline. That will be the perfect swing opportunity
Trade active:
Got filled in at 112.13 for a buy, targeting the high of b and just under the 78.6. currently sl set to break even
Comment:
Trade active:
My buys tp, and now my sell limits got hit with news. Hope you guys are murdering uj like me. So far my analysis has been spot on.

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