USDJPY elliot wave correction short
Updated
Divergence will get it part of the way there. I am weary about the c leg due to trumps speech being as awesome as it was. Investor confidence is up and everyone wants to get in low. UJ caught my sell order and now i gotta reel her in. i see this facing a lot of resistance on the way down. In a normal trade week i would expect this to form without any problems
UJ is in need of correction and retest. dunno just market stuff
I got to long this thing most of the way up and have been waiting for the pull back. I think it will probably bounce and continue higher but its hard to say where this early. Theres obviously major support at 112.883. So i will just be moving my stops as it drops to stay risk free as I always try to do when the trend is strong.
GL everyone and as always this is not investment advice
Watch for news events
Just sharing my positions
UJ is in need of correction and retest. dunno just market stuff
I got to long this thing most of the way up and have been waiting for the pull back. I think it will probably bounce and continue higher but its hard to say where this early. Theres obviously major support at 112.883. So i will just be moving my stops as it drops to stay risk free as I always try to do when the trend is strong.
GL everyone and as always this is not investment advice
Watch for news events
Just sharing my positions
Note
doubled my sale position on the double top and rsi/macd is still divergent on 15/30 min chart waiting to confirm the trend now with a strong dropTrade closed: stop reached
Starting to hate UJ lately
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.