USDJPY elliot wave correction short

Divergence will get it part of the way there. I am weary about the c leg due to trumps speech being as awesome as it was. Investor confidence is up and everyone wants to get in low. UJ caught my sell order and now i gotta reel her in. i see this facing a lot of resistance on the way down. In a normal trade week i would expect this to form without any problems

UJ is in need of correction and retest. dunno just market stuff

I got to long this thing most of the way up and have been waiting for the pull back. I think it will probably bounce and continue higher but its hard to say where this early. Theres obviously major support at 112.883. So i will just be moving my stops as it drops to stay risk free as I always try to do when the trend is strong.

GL everyone and as always this is not investment advice
Watch for news events
Just sharing my positions

Commento:

doubled my sale position on the double top and rsi/macd is still divergent on 15/30 min chart waiting to confirm the trend now with a strong drop

Trade chiuso: stop raggiunto:

Starting to hate UJ lately