USDJPY looking for 5th wave Long

FX:USDJPY240

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 7, 2016 3:59 PM

I think USDJPY is on the way making 5th wave. Watch closely this pair as its already break the down trend.

USDJPY

Comments

LuNihon

⋅ Oct 8, 2016 2:13 AM

Hi , have we already reached the bottom of wave 4?

ibnu

⋅ Oct 8, 2016 2:28 AM

I don't think so, after the bad NFP result, UJ might retrace a little bit more, also we need to look for a buy pattern, before continuing the trend, the 5th wave.
set a buy limit with stoploss around wave 1 should be a nice trade

TradZ

⋅ Oct 7, 2016 4:14 PM

nice wave illustration ;)

ibnu

⋅ Oct 8, 2016 2:28 AM

thank you :D