Going Long on USDJPY
Updated
USDJPY has been in a corrective wave since November 5th. By looking at the chart you can understand that we are currently in wave B of an ABC corrective wave. We have found support at 113.325 where price was denied multiple times to push below this point. Market has closed above our 8 EMA, Now our target is above wave 3 at the next approach of the bullish trend line for the completion of wave B and impulse wave 5.
Trade active
We are moving right along in this wave to our target. Due diligence is a necessity, and exit when you start to see indecision near our target. /Users/Devarion/Desktop/Screen Shot 2017-11-13 at 10.02.02 AM.png
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.