Over next 24-48 hours, I am expecting USDJPY to retrace into Wave 4 before shooting for Wave 5. On M5, a bearish head-and-shoulders is being completed. This will be a confirmation to enter short. In fundamentals, oil is rallying. This suggests a weakening USD.
SL: 108.9
TP: 107.25
SL: 108.9
TP: 107.25
Trade closed: stop reached:
s3.amazonaws.com/tra...shots/x/XkPj6hSL.png
Sorry, was asleep when the spike happened. There may be an opportunity to re-enter short once Wave 3 completes. However, the trade published here is now void as the SL has been triggered.
Sorry, was asleep when the spike happened. There may be an opportunity to re-enter short once Wave 3 completes. However, the trade published here is now void as the SL has been triggered.
Comment:
s3.amazonaws.com/tra...shots/o/ObCUWvUE.png
Was able to close out a small profit on a correction after Wave 3. I would recommend closing out now unless you're following a different short trading.
Was able to close out a small profit on a correction after Wave 3. I would recommend closing out now unless you're following a different short trading.
Comment:
For those still bearish on USDJPY, follow the new analysis. It has been adjusted for the new Wave 5.
Posted wrong time frame.