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USDJPY: Anticipating Bearish Momentum
U.S. Dollar / Japanese Yen
Short
USDJPY: Anticipating Bearish Momentum
By Samuel124
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Updated
Nov 29, 2023
7
Cheer
Cheer
Nov 27, 2023
Hello traders,
Trust you are doing great.
Here is my concise Elliott wave view of the USDJP pair.
Trend
: Bearish (Local trend) initiated at 151.912.
Structure
: Wave 4 ABC correction, began at 147.150, appears completed at 149.746.
Anticipation
: Expecting impulsive bearish structure in Wave 5.
Confirmation
: Await breakout below 148.889 to the downside.
Invalidation Zones
: 149.760 and ultimate invalidation at 150.059.
Targets
: Downside objectives at 147.150 and 146.630.
Cheers and happy trading!
Nov 29, 2023
Comment
Price objective met.
Nov 29, 2023
Trade closed: target reached
breakout
Elliott Wave
Harmonic Patterns
patterntrading
Trend Analysis
usdjpyshort
Wave Analysis
Samuel124
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