glennmercer
Long

USDJPY Wave Count Update: Watch this Level! (Bullish BAT)

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey traders, quick update here. No trade yet. Watch this bullish bat completion level for bullish impulses. I will buy on a pullback. This could complete the combination wave, although it is not a surefire EW count as there are alternatives that could drop deeper. However, there is a high probability of reversal at this level and I will factor my R/R accordingly.
Comment: First entry out of the watch zone. We may have another dip since the 886 fib is still untouched, but I like the odds and there was a nice rally/pullback to capitalize on:

USDJPY Long:  Ending Diagonal in Watch Zone
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