UPDATE: Correction over? (ElliottWave analysis) Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 3, 2014 7:39 PM

This is an update for my previous idea:
tradingview.com/v/R7ubHEes/

This market has completed a triple zigzag correction
and it's heading lower by the looks of the recent price action.

I will look to sell a three wave boune near 102.40/60
against last weeks high at 103.005.

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Good luck!

USD (US Dollar)Elliott Wave

Comments

traderWgun

⋅ May 5, 2014 7:17 PM

I was looking at another JPY-pairs, and I have to say that I find it hard to be bullish on the Yen.
This is my main count ATM, so I will look for more upside