USDJPY-Booked profit @ 110.4 bought @ 109.65 as per previous....
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MARKET COMMENTARY:
1. We can expect a (b)(red) wave as a triangle or wave ii) or b) to break the low 109.24.
2. Previous i bought @ 109.65 as per my previous analysis for the counter trend and i
booked profit @ 110.4 and the high made was 110.447.
3. Now i am expecting a 3 wave structure to break the low 109.24 for wave ii) or b).
4. I will be in BUY side only if it breaks below 109.24 with STOP as 108.7 to invalid my view...
5. If it breaks the low 108.7 then the wave X) is in the form of irregular flat and Y) wave to
107.5 or below is ahead to complete as a expanded flat or a running flat.
6. If it go near to 107.5 or below also my view for positional to break 118 is VALID.
7. Deeper correction can happen only if it break 108.7...until it is bullish...
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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