UJ short after remarkable climb

16. Mai 2018

Looks like a 12345 up is complete, and into a resistance zone.
Expected either an ABC correction, or a full blown 12345 impulse down (which could be the A of a bigger ABC)
Watching for now, waiting for signs of Yen strength or Dollar weakness

Always risky to trade against the trend and the trend has been strong.....

16. Mai 2018

Anmerkung

Currently watching for break below new daily pivot, retest and rejection for possible signal

17. Mai 2018

Anmerkung

Revisiting Daily Pivot. Waiting for break and retest

17. Mai 2018

Anmerkung

Pivot broken, waiting to watch behavior now.

17. Mai 2018

Trade ist aktiv

Entered short while phone in grocery store :)
I think this first impluse down will end at 110, and bounce.
Will watch the bounce to decide to get out with profit or to ride for bigger target.

17. Mai 2018

Anmerkung

Should be pretty close to making the final leg down of this micro impulse.

17. Mai 2018

Anmerkung

This wave 4 (if that is what it is) has me nervous

17. Mai 2018

Anmerkung

I think my microscopic wave count may have been wrong. maybe w5 done and in ABC now?

17. Mai 2018

Trade wurde manuell geschlossen

Trailing stop hit. Got some profit anyway.
Until next time UJ !!! I will get you yet :(