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

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
glennmercer Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY glennmercer gmercerfx Elliott Wave wavecount EW Bat Triangle
18
0
usdjpy glennmercer gmercerfx elliottwaves wavecount ew batpattern triangle
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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