USD/JPY Final attempt Long

FX:USDJPY240

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 27, 2016 12:50 PM

If this is not correct, I give up. But I can't see any other pattern.

Comment

⋅ Oct 28, 2016 2:09 PM

Could correct longer, but not much. Expecting sharp ups. Remember, nothing goes straight up or down.

Comments

redchevy007

⋅ Oct 28, 2016 2:43 AM

Where is the script at?

DebateMaths

⋅ Oct 28, 2016 5:59 AM

What do you mean by this?

AlexandreNygal

⋅ Oct 27, 2016 3:10 PM

Nice view. We can all see different patterns (that's why we can find people to buy from !).

I am bullish on USDJPY on a daily chart too ; to me the bearish trend is over as the pair has passed the previous top.
107Y as a first target :)

At what price do you think this long trade can be invalidated ?

Good luck !

DebateMaths

⋅ Oct 27, 2016 8:56 PM

The best thing about this trade is the invalidation is quite obvious and clear based on EW theory. The recent high around 104.8 is invalidation level.

TradZ

⋅ Oct 27, 2016 12:53 PM

Long term yes ;)

DebateMaths

⋅ Oct 27, 2016 12:53 PM