Elliottwaveidea
Take Profit on USD/JPY It's time to C of FLAT Correction, so the upcoming wave will IMPULSE wave.
As my idea, you can open "BUY" Trades after the price breakouts the white trend line.
For the SL & TP of this suggestion, I'd marked clearly and suggest you to harvest your profit in the blue zone.
Thanks for your interests.
Sideways correction has created the possibilityAfter a short upward moving, the falling seems to look like an impulse wave. That is the wave (i). Now has been working a flat sideways correction almost three days.
Now I expect to see the impulse wave 3 to move the GBPUSD below 1.20 towards 1.15 or more.
The stop could at 1.2480
I'm waiting for the completion of the correction and in short.After working on errors, I see small flaws in the analysis of the chart. Regarding the latter, at the moment I see a non-standard zigzag. Why non-standard? Wave (b) has gone beyond wave (a) of the smallest cycle. this is a kind of deviation from the norms of wave analysis and seems to be unacceptable, but this happens the same way as with candles that are also not ideal.
In this situation, my market goals for tomorrow. 1) the target is 1650 but before it I think you can wait for the correction to complete at around 1682 and only after that open shortly for 1692.34. take 1648.82.