WaveRidr
Long

USDJPY LONG - Waving

FX:USDJPY   U.S. Dollar / Japanese Yen
A large correction has unfolded as the price made it to the extreme level marked on the chart with yellow W. This correction gives us two ways to measure the turning area. The first from yellow W to Red W-x gives the large purple buying area, the stoploss here is too great to consider the trade. The smaller blue buying area is measured from the yellow X to Red X giving a lower entry and slightly better stop loss, i intend to combine the two to give us a good risk reward with a lower entry point. A clear turning point would be enough to trigger a trade and if it does i will signal the proposed trade is shown
Comment: Entry moved higher due to waves
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