The pair continue moving down, my next target is at 122.20.
- #58,725
- Dec 9, 2015 6:00am Dec 9, 2015 6:00am
Congrats on the trades guys .. was in the wrong trade 2 times (my mind is somewhere else) and right trade 1 time but in the wrong direction lol ... Just to share how accurate fib levels are .. was buying into the fib 50. {image} It might try to reach next target 122.38-ish ... or will I see a retracement on H1? Time will tell ..
{image}
is 121.30 possible?
- #58,731
- Edited 10:29am Dec 9, 2015 9:18am | Edited 10:29am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Rethink on USDJPY:
Present wave [4] correction is bottoming while overlapped wave [1], thus forming expanding diagonal . May resume uptrend on [5]
Present wave [4] correction is bottoming while overlapped wave [1], thus forming expanding diagonal . May resume uptrend on [5]
Elliott Wave for optimum entry, exit and risk management of trades
- #58,739
- Dec 9, 2015 12:05pm Dec 9, 2015 12:05pm
Think there could be a bit more downside till around 120.5/6 long term but I would wait for a green bar on the 4hr before risking anything with this momentum... Till then looking for a short at around 122?? 
