The Short trade for USDJPY worked out perfectly, we saw the short term buy at the beginning of the week for the completion of wave C followed by an impulsive wave C lower.
For context of that trade see link below:
Although we saw a strong move lower yesterday, the lower time frames like the 15 min still suggest that this is only a correction and not a potential bearish impulse for what I counted to be wave 5 in my previous post. Nevertheless we do what we always do, wait for price action to either consolidate or reverse. If price consolidates I'll sell the continuation once again. If price reverses I will wait for a consolidation and buy the continuation.
updates will follow.
www.timstuyts.com
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www.youtube.com/watch?v=HvmWTm4f...
For context of that trade see link below:
updates will follow.
www.timstuyts.com
www.facebook.com/wwwtimstuytscom
www.youtube.com/watch?v=HvmWTm4f...
