riskmode
Short

UJ About to make wave 5. Sell Stop unless it continues up

FX:USDJPY   U.S. Dollar / Japanese Yen
1164 10 27
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
Hi,

Where does wave 1 starts?
Reply
riskmode tomg10
@tomg10, wave 1 started at the arrow
+1 Reply
tomg10 PRO riskmode
@riskmode, Thanks
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extended wave 5 is getting formed.
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I hope to have sell.
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strong chance it will have 1 more up
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riskmode elmickster
@elmickster, that's what i said about UF and look what happened
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Hi riskmode, do you take Support and resistance into account?
Reply
riskmode Black8ear
@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.
Reply
D at price chart is at 1.414. But you marked as 1.28. I am confused about it.Thanks
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