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SirajHudda

USDJPY Potential Top, Correction to Begin.. Go Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
SirajHudda  
FX:USDJPY   U.S. Dollar / Japanese Yen
USD (US Dollar) short Ending Diagonal Elliott Wave
3
0
usd-us-dollar short endingdiagonal elliottwaves
USDJPY has potentially made an intermediate top and would start the correction from here. The ending diagonal forming and possibly made its last wave up. Going short now at 116.70 with Stop loss at: 117.50 and Target at: 112.70 which is 38.2% retracement of the last upmove. Good risk reward for the trade 1:5.

Its just my analysis and trade idea's.

Happy Trading!!
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