IDEA_TRADER_CLUB

USDJPY Elliot corecction ABC

Long
FX:USDJPY   U.S. Dollar / Japanese Yen

As seen on the previous H4 chart the PATERN AB = CD pattern is complete, which is where patern AB = CD takes place in the CORECTION WAVE ABC cycle. and seen also on the ABC CORECTION WAVE journey there is a mini ELLIOT 1-5 cycle

STRATEGY TRADING
buy on break on TF 30 and TF 1 hour, alternative BUY if there has been a swing low on TF H4, to minimize the risk of stoplots at 107,325 and upside targets on the red line

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