It looks USDJPY is completing a small C and a big B waves of 2 different corrections at the same time.
Looking at weekly and daily charts, it seems we are in the way to make a big 3 wave (possibly 5) correction for the impulse down (blue arrow), correction which includes Trump's impulse up (Red line) also has a 3 wave correction (possibly 5) which shown in light blue ABC.
My idea is we are going to complete the C wave of the small correction (Blue) and in the meantime the B wave of the big correction (Red) soon.
Get ready to catch the C wave of the big correction ;)
I will update this post for possible entry point.
Looking at weekly and daily charts, it seems we are in the way to make a big 3 wave (possibly 5) correction for the impulse down (blue arrow), correction which includes Trump's impulse up (Red line) also has a 3 wave correction (possibly 5) which shown in light blue ABC.
My idea is we are going to complete the C wave of the small correction (Blue) and in the meantime the B wave of the big correction (Red) soon.
Get ready to catch the C wave of the big correction ;)
I will update this post for possible entry point.
Trade active:
Buy after the break out, or buy now with very tight SL
