DanV

USDJPY - Potential Long Entry On Pull-Back

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
476 views
2
USDJPY Appear to have established an important low in October 2011, to me it looks like it it is in process of building what I call super nesting, ir series of((i)) ((I)) (I), (II) 1,2 before blasting higher in massive wave 3 of 3 so to speak.

It could retrace to 81.5 area or little higher which I believe will offer excellent long Entry for intermediate target to to be around 84 -85 region. One to watch for sure

Comments

Closed too early
Reply
Closed too early
Reply
Entry was little higher and anticipated but sideways congestion lasted long enough for long entry anywhere up to 82.50 and went on to go much beyond the target identified. Hope you found it very profitable. Select to follow me if you are not already for notification of future posting.
Reply
Good chart
Reply
DanV mantasg
Thanks mate
Reply