USDJPY seems to have ended its bigger correction a flat correction and is now about to continue its move down aftyer this small flat correction. sell entry1@ 110.200 stops @ 110.520 TP1@ 109.800 TP2@ 108.500 TP3@ 107.450
Comment:
Pattern was a flat pattern just not the one i was expecting, however no issue we will let this wave cycle end with a correction forming wave 2 and we will trade off that. here is a look at the flat pattern we got.
Trade closed: target reached:
the profit target was reached on this trade but we missed it. i gave a 5 wave impulse that was a bit messy using candle sticks but clean on line chart so we will wait for wave 2 to trade off if the high of this impulse is broken we will look to buy after the next correction