USDJPY presented a great buy opportunity yesterday. I wasn't able to post it in time but I expect more to come.
It is unclear yet whether the correction ended at 111.60 or whether this was only a wave 'A'.
Nevertheless we need another leg higher of lesser degree which started yesterday.
IF we see a consolidation I like to buy the continuation towards at least 115 with a stop below the consolidation.
Updates will follow
It is unclear yet whether the correction ended at 111.60 or whether this was only a wave 'A'.
Nevertheless we need another leg higher of lesser degree which started yesterday.
IF we see a consolidation I like to buy the continuation towards at least 115 with a stop below the consolidation.
Updates will follow
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Looks like UJ is about to present a buy trade. Manage it closely because we can still make a deeper correction of larger degree, before we turn bullish again to take out 114.73. I counted it therefore as an 'abc' pattern for now.
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