USDJPY formed a Bearish Wolfe Wave. Look for the 1-4 line as the target. Mind the Potential Target Before Decline, this target shows where an excursion in price may occur before taking course to the 1-4 line.
Chartistry, Took a quick look at your past posts ... are you still currently trading the USDJPY pair ?
GWaves
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@margaux, Yes I am. I trade 33 forex pairs I only post when there is a high probability set up or a set up i like.
margaux
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@Chartistry, Wow. 33 pairs. 33 is a lucky no. It means long life. I dont think i would ever get to your level!!
GWaves
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@margaux, 33 pairs are what is offered by my broker. Anyone can get to my level with the right amount of studying. I am still and will always be a student of the markets.
mmmp3sa6
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may I ask how you calculated the "potential target before decline" which was very accurate in this case!
GWaves
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I use a proprietary model to calculate targets. Thank you for asking!