USDJPY: Watch For Sell After Correction

Hi Traders,

UJ looks set for a big wave to the downside. Price just completed an ABC expanding flat in wave 2 and now we are looking for a wave 3 that could go all the way to 103.90. Use an appropriate stop loss, trade with caution and look to join short positions only when you get confirmation.


Regards
Wave Theorist
Elliott WaveelliotwaveanalysiselliotwaveprojectionFibonacciusdjpyanalysisusdjpyideausdjpysellusdjpyshortusdjpyshortsetupWave Analysis

Penafian