FX:USDJPY U.S. Dollar/Japanese Yen
Hey traders! I've been waiting to buy this to catch some of the impulse. I think this is a good opportunity. I want to place a tight stop behind the most recent and buy at support toward the completion of a potential bat completion level. Two consecutive daily missed means momentum is , and pinbars make for a nice barrier for a SL. Also, if the count is correct, we should see a impulse to complete a wave five. If price drops past SL, we will likely see prolonged sideways movement and a potential triangle as the previous degree fourth wave carries on. More updates to come. This one is live! Cheers
Trade active: I want to share some interesting corrective structure on the 1m timeframe. We have heavy indecision here, but the wave count still holds true and no EW rules have been violated. This is a great time to add to the position with a SL against invalidation!
Comment: Still Bullish and position remains open with SL at breakeven. Here is the NEXT invalidation level to look to adding: