Analyticssage

USDJPY Elliot wave count 07/08/2020

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
I am still not convinced that the correction is over for this market
I think next week we will be still in the correction
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the market went against my prediction but I am still not convinced that this is gonna be wave 3. i might be wrong
I still think the market needs another pullback before we go all the way up
Trade closed manually
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As i forgot to open a new post for this I will continue the count here under this post for this week
the market is going as predicted so far :)
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I think we still need one more wave down
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the bigger picture
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the level is touched , I am counting bullish now
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30min chart
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I cant find any fibo cluster to predict the end of the current down trend but the RSI is showing a negative divergence. think it is time to count bullish
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we are still in the bearish channel of a bigger degree. I am personally log and I have a long potion but I can not confirm my count until the bigger trend channel gets broken.
Trade closed: target reached

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