TRADE: SOLD@120.660 Sold On Start Wave iii of v of Wave (v) of C

FX:USDJPY   U.S. Dollar/Japanese Yen
Sorry I didn;t get to post this yesterday but here in China, it was Victory Day and the internet was just being blocked like crazy and I could not get through to Tradingview to post ANYTHING!

But anyway, I sold at 120.660. So I have added more SHORT positions to my portfolio of SHORTS on this pair. I did so as my wave counts were indicating to me that a possible wave iii             of v was starting so I'm trying to catch it. As of this post, there is still plenty of pips to be had on this wave iii             if my wave projections and patterns do play out as projected.

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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a year ago
Im also strongly short here too, if we have bad NFP news on friday this will fall like a stone. 115.00 is reachable.
USDJPY-looking for and ideal re-entry-Convergence Divergence
EverythingForex PRO FullTimeTrader
a year ago
Agreed! I'm staying short through the NFP. If numbers come out good, the rise will not be too great and on a macro-view, it won't relate to much. Prices will still head down eventually. But if numbers are bad....WATCH OUT BELOW! GL!
a year ago
i think there is a butterfly on 15 min time frame!
EverythingForex PRO fxnoob1985
a year ago
Yes, there is. But this is the proper butterfly. Your butterfly D point is off. Butterfly patterns have a 1.272 D point. But prices exceeded that and are now in its' PRZ currently reversing at the 2.24 extension. But I don't trade on the 15M TF as I don't trade short TF's. Yes, prices may retrace up on this butterfly but it is only temporary in the view of larger TFs.
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