glennmercer
Short

USDJPY Short: Wave 5 Break + Retest (Elliott Wave TCT)

FX:USDJPY   US-Dollar / Japanischer Yen
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 wave 4 terminus and target at the 1=5 level. This setup yields a R/R of over 5.

Bearish Confluence:
  • Trendline break and retest
  • Pivot resistance
  • 200EMA Resistance
  • 200SMA Resistance
  • Possible wave (i) of 5 completion
  • Significant .618 fib level at entry
Trade ist aktiv
Kommentar: Moving along nicely. Updated wave count:
Kommentar: Wave-C-of-(iv) complete:
thank u! yesterday i selled at 118.14,and 80 pipes came up this morning,but then the price jumped up sharply,i don‘t know what to do untill read your ideas. wonderful!
+1 Antworten
Thank you, I'm glad you found it helpful
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden