USDJPY Elliott wave analysis for week starting 24.08.2020
I personally have a long potion on this.
an Impulsive wave and a flat correction so we should see a wave 3.
If I see resistance around 107$ I might close my postion
an Impulsive wave and a flat correction so we should see a wave 3.
If I see resistance around 107$ I might close my postion
Comment:
Comment:
we have 2 possible counts, 1-2-1-2 or wxy, both confirm a wave up
if you are bullish long term move your stop loss higher to protect profit.
I ersonally think the correction is over but nothing is guaranteed
if you are bullish long term move your stop loss higher to protect profit.
I ersonally think the correction is over but nothing is guaranteed
Comment:
both counts are plotted on the chart abouve
Comment:
perfect :). I am still not sure wave 3 or C!
Trade closed manually:
As i said if the market struggles neat the "watch this area" you better close it
I sold mine with a little profit . I will wait for more confirmation and then I will join the trend
I sold mine with a little profit . I will wait for more confirmation and then I will join the trend
Comment:
Wait and see when the correction gets over
Comment:
Comment:
Trade closed manually
