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I expect a sharp and decisive drop in the yen to at least 104.00
I expect a sharp and decisive drop in the yen to at least 104.00
And suddenly, this instrument drops to 0.7805 within 2-3 hours. What should I have done? The wave pattern has not changed at all, the three waves are still nested
three waves were still nested in each other aiming upwards, so I bought another 0.1 lot.
On Friday the fog cleared and I quietly bit off 100 quid. The wave pattern of the USDJPY is also three nested waves, aiming downward.
The youngest of the analyzed five has once again corrected its end at 108.59 and now the third wave has started to develop, which is an impulse,
which is why I expect a sharp and decisive drop of the Yen.
On the other hand, of course, there is still enough margin for a second wave end correction. So, it's up to you to decide...
My tactic is the following: USDCAD - long term trade (a month, maybe more), the signal for the rise was formed just a week ago
NZDUSD - give some bite to pieces and catch the pullback again.
USDJPY - bite in pieces and bounce again
I never expressed any doubts about your predictions, I was trying to understand them and apply them to myself...At the same time clarifying my positions and calculations.
I never expressed any doubts about your predictions, I was trying to understand them and apply them to myself...At the same time explaining my positions and calculations.
Sart, has proved its toughness many times over. The Kiwi has met its target. It's time to lift the curtain a bit: VTE is Elliott wave theory?
Already did :)
Sart, has proved his toughness time and time again. The Kiwi has met its target. It's time to lift the curtain a bit: VTE is Elliott wave theory?