anilmangal
Long

USDJPY in a corrective structure

FX:USDJPY   U.S. Dollar/Japanese Yen
1018 15 86
This corrective structure is either 3 waves or 5 waves .
BUY the breakout or sell for a last drop before the next up impulse .
The sell maybe short lived so if you sell move to BE asap             .

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good one anil.
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50% pullback? is it pointing down to next fib?
+2 Reply
The down side if it happens may go to the fib ,but keep stops tight since it's the last move down
+1 Reply
pippo anilmangal
thank you a lot Anil
+1 Reply
Good analysis.. lets see how it goes...
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Similar to what I am seeing as well. Do you have any thoughts on my chart?
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donaldsaw donaldsaw
snapshot
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not how i would count it, but looks good
+2 Reply
pippo donaldsaw
it look like a wave counting, right?
+1 Reply
both cases it have to reach 125.00 ?
I wasnt expecting that
I will redraw my trend lines and try find where is the problem
thanks
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Yes thx Anil, with your teaching l was able to trade this on that last leg up, b4 then taking the sell trade heading to target.
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Hey..nice analysis...here is my view:
Pair with bullish FLAG
snapshot

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Here is another view on UJ. Do you have thoughts on this count?
snapshot
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Sorry - Try this link instead -
snapshot
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Good one!
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