ahmed.zeyada

long then short ( a new low is expected )

Short
ahmed.zeyada Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
2
in this scenario, wave c must make a new high. however, there is 2 more probabilities :

1- wave c fails to make new high , in this case wave (4) unfolds as a triangle.expect wave e and d before the fall.
2- the price breaks the start of (A) directly . then wave 5 would be on progress.i would short it immediately.
Comment:
Probability 2 activated
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.