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CoreTrade

USD/JPY longterm short

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
CoreTrade  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis
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waveanalysis
Pair USD/JPY is in downtrend and it looks like it is not finished. I expect moving lower to the range 102-103.
Current Elliot Waves count shows THIRD (iii) wave in the THIRD (3) wave, so it should be strong!
I prefer short now with small stop-loss at 106.65! For explanation please look at the 1hr chart in the comment!
What do you think?
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