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DjalilLounis
Jan 3, 2015 3:07 PM

USD-JPY In correction for the next 2 weeks  Short

U.S. Dollar/Japanese YenFXCM

Description

it seems that the long term JU is in the Wave 4 (tend to be flat and retrace 0.38% from the W3), we cab see wave A and B from the correction and we are processing the C wave that can be down till the 115 (0.38% from the weekly chart).
Note : i still learning till now so any opinion about this analysis is welcome.
Comments
DjalilLounis
yes maybe i need to check in lower time frames if the ABC is over or not
Olu
This is the count I have been following for a long time. However my idea is on shaky ground because of the new strength recently witnessed on the usdjpy. If 120.67 is taken out we would be going up a lot more quickly. It would mean your B is the full abc retracement and price will be primed for your 5. Monday will tell
DjalilLounis
what do you thin about it Now still possible?
Olu
most definitely. I am looking for where to get short
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