On the USDJPY we have a potential reversal zone at the confluence of the 50% Fibonacci retracement, the 127.2% Fibonacci extension, the 141.4% Fibonacci extension ahd the 200% Fibonacci extension. Do with it as you please :)
@11021992, look to the up!
I projected wave 1(friday's bottom - monday's top) on 113.44(wave 4 end)
100% target 114.03. 161.8% 114.41. I did not mensioned 61.8% target.
masiaroa
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Do you think 113.82 is a good spot to open shorts? Where will you put the Stop Loss? thank you
11021992
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@masiaroa, I didnt see your comment somehow, sorry. Personally I wouldve entered at the 50% Fivonacci retracement, but I think it will break now.
that should be some drop!
I expect it to be started from 114.05 level.
might be not bad s-term abc sell inside B wave.