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traderWgun
Dec 27, 2013 10:43 AM

Another try Short

U.S. Dollar/Japanese YenFXCM

Description

Let's see if this ending diagonal is for real.
Comments
PlannedTrades
LOL! I don't know how I overlooked that fact! My mistake.
PlannedTrades
traderWgun, I like your analysis, but my wave count is a bit different. I think wave 5 isn't yet complete (we probably just finished wave 3). What do you think?:

traderWgun
Well, out charts suggest the same thing if you look at them closer.
I also think that we are in the higher degree wave 3 of 5.

but when the market has completed an ending diagonal it should move fast to the downside, which put the ending diagonal idea in doubt, but it could also be because the holiydays.

Good luck.
traderWgun
#USDJPY possible bearish bat
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