USDJPY - Long, Sell, Moon

OANDA:USDJPY   U.S. Dollar / Japanese Yen
A few techs here
1 - Elliot Wave - Wave 5 and A, B are now complete. We're moving to wave C
2 - Trendline - Market made a new High low on the 4H chart
3 - 123 strategy - Typically, when you aim to take profit from the breakout at 2 through to 3, it should be equivalent to the same distance recorded between 1-2. Notice that I have highlighted 1-2 and 2-3 are almost identical in distance. Which indicates we have completed step 3 Now we reverse upwards
4 - Support and Resistance - Market failed to go below support 105.28 again.

Good luck.
Comment: Forgot to include the 123 distance on the chart I posted. go
Trade closed manually: impending FOMC volatility led to the closing of all my trades for the day
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out