FX:USDJPY U.S. Dollar/Japanese Yen
UJ About to make wave 5. Sell Stop unless it continues up
Comment: im moving my stop down to the high. i might have to resell stop this if i get stopped out because there's 2 potential 5 wave counts.
Comment: 5 waves are already appearing on hourly and the trade is still in the red. This is a very bad sign! I'm getting out of this on the break of wave 3
@Black8ear, Yes, I always check the higher time frame and look for support or resistance at A. If there is any i don't take the trade.
@elmickster, that's what i said about UF and look what happened
@tomg10, wave 1 started at the arrow