USDJPY EW: Bearish 5-0 Pattern to Complete Wave-2

USDJPY has completed a 5-wave impulse and is currently in a corrective structure. A 5-0 pattern is a great way to get in on this wave-c-of-2. See related idea for previous structure. Happy Trading!

Trade attivo:

Beautiful resistance at .5 fib with very little drawdown

Trade chiuso manualmente:

Taking profit here at +51Pips. The corrective "X" wave following wave-C is notoriously unpredictable. I will now be looking for long opportunities.

Commento:

Trade chiuso: obiettivo raggiunto