Here is a 15 Minute Chart of the USD/JPY correction so far. The move down from the top at 94.80 is clearly corrective, however this red ABC which is about to complete may just be the three waves of an A of a large flat or a triangle still to play out. Either way I am going to get out of my short position at 92.70, or if price reverses hard and my target is not hit, at 93.75. I am going to attempt to buy back in at around 92.70 or after a clear 5 wave move down from the black 4. Keep you stops at 91, targeting 95.50.
No comments:
Post a Comment