This is an aggressive entry into a swing long for USDJPY, a more conservative entry would wait on the close of Monday / Tuesday's Candle above the extended trendline formed by waves 1 & 3.
The risk to reward on this trade is very good. Let's see what happens.
The risk to reward on this trade is very good. Let's see what happens.
Comment:
This pair is consolidating and gathering orders, will be watching the price action carefully to determine the next move of this pair.
Order cancelled:
Too much uncertainty with mixed signals from technical & fundamental perspective. Won't be taking this.