WaveAnalysis

USDJPY Short Trade Setup

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
We may have a complete running flat. The C wave seems to have 5 sub-waves, and the last top might be the end of the 5. That being said, it's still over the trendline. So, there is chance for more upside after a small correction. That's why I set my entry price under the trendline. My target is 108.200 for a complete daily correction.

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