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U.S. Dollar / Japanese Yen
Long

UJ ABCD Pattern and 618 Retrace Complete

By leeweechong
Updated
Not considering geo-political tensions and Trump's trash talk. UJ has completed ABCD and 618 retrace on the daily chart. Let's see where this goes.
Trade active
Note
Price hit entry point with PA to confirm. ABCD and bottom of channel
snapshot
Trade active
Note
DXY ABCD completing. This, along with XAUUSD at the top of the channel should see UJ reaching 618 of the daily chart ABCD pattern
snapshot
DXY Pay attention to this AB=CD
Trade closed manually
Trade close for French election. 440pips.
Note
I plan to long UJ after the French election for a final target of 114 and beyond
Trade closed: target reached
New target hit.. way too quick to reach 114. With this momentum, it will go on to 116 where Fib 618 is.
ujsdjpy
leeweechong

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