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Fx-AlphaStrats
Feb 18, 2018 10:55 PM

USDJPY long setup Long

U.S. Dollar/Japanese YenFXCM

Description

We have a simple harmonic
plus a 5 wave sequence from C to D.

Tp 1 will be at fibonacci drawn from C to D
0,61. (108.400 ish) retracement to point b will be at fibonacci level 0,78 (107.455)
the correctional wave will end at 110.430 fib 0.38

it can also be seen as a third wave and that we are moving into a correctional wave 4 (Minor degrees)
if so, the correction will stop at point a. in the Minute degree.





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