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UnknownUnicorn27677748

Diagonal formation in USDJPY; Elliotical Approach

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
UnknownUnicorn27677748 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis elliotwaveanalysis marketsmechanic Rising Wedge diagonal USDJPY shortsetup
1
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trendanalysis chartpattern waveanalysis elliotwaveanalysis marketsmechanic risingwedge diagonal usdjpy shortsetup
Hello Traders!

1. We see a clear 5-wave impulsive move forming a leading/ending diagonal.

2. It could be Wave 1 or Wave A.

3. Targets and stop have been marked on the chart.

Do use proper risk management.
Happy Trading!

Profits,
Market's Mechanic.
Trade closed: target reached:
All Targets Hit!
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