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USD/JPY LONG AFTER CORRECTION

by GABRIJEL S, February 1, 2021

USD/JPY H4 supply & demand, elliot wave

by GABRIJEL SLISKO February 1, 2021

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USD/JPY

|

Long

|

H4

Timeframe:

H4

Analysis Method:

supply & demand, elliot wave

Analysis:

price has room to go higher to fulfill the perfect 3rd wave in terms of elliot (1.618 extension). anyway, plan is to rejoin with buys after correction-1st possibility to come to the fresh demand at around 104.400. 2nd possibilty to retest the falling TL (purple)

Trade Plan:

set and forget at the levels, no watch for confirmations (aggresive)

Risk Management:

split your risk at the levels (hlaf of risk at 104.400, half of risk at retest of TL)

Things To Watch For:

not blindly jump long-wait until the mentioned levels are reached.

LEAVE YOUR COMMENT HERE:

View previous comments

    1. appreciate. of course, but keep an eye on the H4 it is entering now the supply zone from left but i would try to catch a higher price for selling. or at least wait the pullback to happen to rejoin the main trend.

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