USDJPY retrace watch: UJ drop have one more leg?
מעודכן
This is an update to my previous idea looking for UJ to retrace.
This is a short term outlook, but the results could have significant long term outlook.
I think the ABC is not quite done yet, wave C has only 3 waves down, and now a wave 4 up.
So lets see where the final leg (w5) of wave C ends up. That will be very telling of risk sentiment.
Background:
This adventure started with a search for the 'top'
(i know, trading an expcted top is dangerous)
Once the retrace started, I had some fined tuned targets
From that last Idea, the price breached the upper two support zones.
So now I am thinking we have one more leg to go, and then we will know much more about the real risk sentiment
This is a short term outlook, but the results could have significant long term outlook.
I think the ABC is not quite done yet, wave C has only 3 waves down, and now a wave 4 up.
So lets see where the final leg (w5) of wave C ends up. That will be very telling of risk sentiment.
Background:
This adventure started with a search for the 'top'
Once the retrace started, I had some fined tuned targets
From that last Idea, the price breached the upper two support zones.
So now I am thinking we have one more leg to go, and then we will know much more about the real risk sentiment
הערה
still think UJ has one more leg down to go, but am starting to wonder הערה
Well here we are, at that I think is the Bulls 'Last Stand' Zoomed in on 5 min chat, we see an exact bounce off the top of zone.
Now I am waiting to see if it breaks thru the zone above and retraces, for an entry long
הערה
UJ looks like 112.168 next stop (pit stop?)s3.amazonaws.com/tradingview/snapshots/m/mUdj8cVx.png
הערה
UJ 111.50 range looks likely 
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