DanV
Long

USDJPY - Potential Long Entry On Pull-Back

FX:USDJPY   U.S. Dollar/Japanese Yen
408 5 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
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Closed too early
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Closed too early
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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.
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Good chart
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Thanks mate
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