Short USDJPY on Elliott ABCDE formation meets Andrew's fork
USDJPY is retracing down towards the downward channel that it exited last week.
Andrew's pitchfork drawn on Daily chart.
Elliot ABCD triangulation drawn on past 3 days of downward movement.
TARGET: Where the E point meets the middle line of Andrew's pitchfork.
risk/reward: 2.2%
+132.5 pips
BEWARE:
Sunday 9 there wil be the 2nd US Presidential debate, it may influence USD pricing.
Andrew's pitchfork drawn on Daily chart.
Elliot ABCD triangulation drawn on past 3 days of downward movement.
TARGET: Where the E point meets the middle line of Andrew's pitchfork.
risk/reward: 2.2%
+132.5 pips
BEWARE:
Sunday 9 there wil be the 2nd US Presidential debate, it may influence USD pricing.