UsdJpy in currently consolidating inside a big triangle after the big bullish bat pattern. Rejected 2 times at the trendline, that area is also previous sell area. Closed 2 bearish candlesticks in a row.
Agree, although many traders are bullish looking for the killer third wave i think right NOW more correction is coming. We see a clear double top with divergence. The correction for wave four is not finished yet. After that we can long
Norsefx
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I have a small leftover longposition from 120.55 (bat pattern/trendline touch) so im positioned if we get a premature move up. But like yourself, i think a correction to the downside is due. Would love to get another entry down at the lower TL or the 61.8 of last move.