Get started
melvinljw

Short USDJPY, Elliot Waves

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
melvinljw  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis usdjpyshort
5
0
trendanalysis waveanalysis usdjpyshort
After putting in a five wave move upwards, prices seem to be correcting as a flat (3-3-5).

Looking for wave 2, to correct back to 105.7 levels as wave C of the flat. (We will look to establish longs near (105.4-105.7), for a resumption of the uptrend.

Short : 106.95
Stop : 107.45
TP : 105.7
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.