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glennmercer glennmercer PRO USDJPY, 60, Short ,
USDJPY: USDJPY Short: Wave 5 Break + Retest (Elliott Wave TCT)
467 2 18
USDJPY, 60 Short
USDJPY Short: Wave 5 Break + Retest (Elliott Wave TCT)

USDJPY has completed wave 3 of a potential 5 wave structure. The pair has broken a trendline to complete wave (i) of 5 and is retesting the trendline at the .618 retracement To add resistance, the 200 EMA and SMA lines sit above price and below the SL level. The daily pivot may also add resistance near entry. Entry is placed at 61.8% retracement with SL above ...

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