Hey Traders! The EW count on USDJPY leaves us with only a few potential outcomes after price retraces. I will be looking for long positions IF price retraces to the target area. I will update wave count on this idea.
a|i Complete! The correction has started. Looking for long opportunities now. I always wait for the first initial impulse and grab wave three, possibly wave five as well toward target. More updates to come...
I will be AFK for about a bit. Keep an eye out for this AB=CD completing the C leg of the correction before potential continuation. It is confluent with a .382 fib! I'll be back to update in a few.
There was a great bullish impulse but it did not reach entry point. This is why I didn't go short on the wave-4: too many uncertainties! Here we have a nice short setup emerging:
Short played out perfectly. See idea above