On the daily time frame USDJPY is currently in its 3rd Elliot Wave. This wave is known to be the biggest wave and will break the high of wave 1. Its also facing a resistance now with another small resistance followed quickly. If this resistance breaks 118.30 is next!!! So still plenty of pips to make on USDJPY! :D :D
Trading advice:
Risk:
Buy already with a small position and add more when the resistance breaks.
Low Risk:
Wait with buying till the resistance has broken. Alternatively their might be a small retracement down when it hits the resistance, in this case buy the dip and add more when the resistance breaks.
Trading advice:
Risk:
Buy already with a small position and add more when the resistance breaks.
Low Risk:
Wait with buying till the resistance has broken. Alternatively their might be a small retracement down when it hits the resistance, in this case buy the dip and add more when the resistance breaks.
Trade active:
1st buy position on the dip :)
Order cancelled:
Looks like the 4th wave down is coming sooner than expected. Bad outlook for the dollar now that Trump jr. came forward with that there was contact with the russians. It means that is dad lied to the congress and everyone else.
