glennmercer
Long

USDJPY EW Count: Looking for a Pullback Here to BUY

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey Traders! USDJPY             is forming a potential triangle combination on the higher primary degree. We have a complex sideways combination wave on the intermediate degree currently rolling out. We cannot guarantee that wave-((b)) is complete, but a rally past wave-((a)) will provide significant enough evidence to buy toward the completion of wave-((c)). Ideally, I would like a 78.6% pullback toward wave-((b)) to place a long position with a tight stop behind wave-((b)) terminal. this would give us a huge R/R long position toward the completion of wave-((c)) and a quick stop out at the invalidation level. The next move will be a short position at the potential bat completion up against the triangle top. More updates to come!
Comment: Hey traders, we have a deeper combination correction. Here's the watch level!

USDJPY Wave Count Update: Watch this Level! (Bullish BAT)
nice work
+1 Reply
Thanks Avenez
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Great analysis! Enjoyed the fact that you are not a die hard bull or bear just understanding where R/R comes into play with clear exits.
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glennmercer PRO DonaldBradley
Thanks Donald! Yes, being reactionary and malleable to market conditions is crucial
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DonaldBradley glennmercer
Indeed it is. I also sent you a quick email, interested in learning more about your technical strategy if you are able to provide insight.
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always great work and waiting for your email. regards
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Thanks Ruhail, I'll be able to field emails tonight.
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RuhailKhan glennmercer
thank you Sir..
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