USDJPY: waiting to short
This trade plan is based purely on Technicals, not considering Fundamentals at this time.
Looks like UJ is just about to complete a wave 5.
I expect 108.00 to be strong resistance, and should end impulse wave up.
But they might run stops above 108.00, so have second target to watch.
Will be watching closely as each red zone is approached, for sings of pullback and ABC start.
Looks like UJ is just about to complete a wave 5.
I expect 108.00 to be strong resistance, and should end impulse wave up.
But they might run stops above 108.00, so have second target to watch.
Will be watching closely as each red zone is approached, for sings of pullback and ABC start.
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