shevectorie
Long

B to C leg completion this week

FX:USDJPY   U.S. Dollar / Japanese Yen
101 6 5
Extremely tight SL since this is a very risky setup.
Intraweek long via the completion of an abc pattern of wave B.
Theory: Wave A is complex therefore Wave B is simple. (principle of alternation within corrective waves)

Update with recent developments in price action:
 
Idea still valid but NO selling next week. UJ not done with uptrend yet and will form another impulse.  
+1 Reply
Trade still active. Moved SL down to 123.165 when I saw there were no green candles yet in 4H in case of spikes in the London Session a while ago.
+1 Reply
Fantastic! I'll try to buy after breakout.

Great job!
+1 Reply
shevectorie InsideMarket
Thanks! Already bought..I'm after the tiny SL in case everything goes the other way.
Reply
InsideMarket shevectorie
Good luck!
Reply
shevectorie InsideMarket
Need it!
Reply
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