AschraM

USDJPY in downtrend

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FOREXCOM:USDJPY   Dólar Americano/Iene Japonês
I am looking for a 12345 or 123 move up then a move back down to sell. This idea plays off the first one. I just adjusted the idea some for people to see an alternative route and didn't want to confuse anyone with the correction risk setup. If USDJPY doesnt keep correcting as high as I expect the turn around can happen earlier than that because of such a massive impulse down prior (look left). Buying would be a counter-trend move. I am not looking for any buys at this time. I will buy back at the bottom but I will sell at the top by wave 3 or 5 where we see resistance.

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