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Short

USDJPY-Dollar-Yen - Corrective Minor 2

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
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501 2
USDJPY-Dollar-Yen began our previously posted Bullish Cycle for Primary 5 (purple).
The 1st Leg is about to be completed with Minor 1 (blue) at or around 115.00 Levels.
Corrective Minor 2 (blue) shall retrace towards 110.60 Levels.

Within Minor 1 (blue), Minute III (green) unfolded with with a Bullish Rally towards April's Resistance Levels and Minute IV (green) formed an Ascending Triangle .
Minute (V) still needs to complete the last leg, Minuette (v) (black), which is expected to have one more push on the up-side with Sub-Minuette V (purple).

Minute (V) is expected to complete its Bullish Cycle at the 100% Fibonacci Extensions of Minutes III & IV (green) and at 161.8% Fibonacci Extensions of Minuettes ( iii ) & (iv) (black).

USDJPY-Dollar-Yen is expected to complete Minor 1 (blue) with a Bearish Divergence so we will be watching out for the confirmation.

USDJPY-Dollar-Yen - Short-Term - SELL Position:

Entry - 114.600
SL - 116.00
TP - 110.650

* Safety Measures:
- When in the green, move SL to break-even or in profit.
- Watch for Bearish Divergence and Confirmation.

Many pips ahead!
Trade closed: target reached: target reached, looking for buys at this point
Comment: going up from here
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@BORDOMAVI, thank you.
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