UJ short after remarkable climb

Looks like a 12345 up is complete, and into a resistance zone.
Expected either an ABC correction, or a full blown 12345 impulse down (which could be the A of a bigger ABC)
Watching for now, waiting for signs of Yen strength or Dollar weakness

Always risky to trade against the trend and the trend has been strong.....

Commentaire:

Currently watching for break below new daily pivot, retest and rejection for possible signal

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Revisiting Daily Pivot. Waiting for break and retest

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Pivot broken, waiting to watch behavior now.

Transaction en cours:

Entered short while phone in grocery store :)
I think this first impluse down will end at 110, and bounce.
Will watch the bounce to decide to get out with profit or to ride for bigger target.

Commentaire:

Should be pretty close to making the final leg down of this micro impulse.

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This wave 4 (if that is what it is) has me nervous

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I think my microscopic wave count may have been wrong. maybe w5 done and in ABC now?

Trade fermée manuellement:

Trailing stop hit. Got some profit anyway.
Until next time UJ !!! I will get you yet :(