USDJPY-Expecting (b) wave to complete as a running flat in 109.6
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MARKET COMMENTARY:
1. Previous i thought the wave (b) is a triangle and i expected bigger and we are in "d" wave expecting "e" wave to complete as a triangle...
2. But it didnt happen what i expected but it went and broke the previous high 111.66..then i thought it is a continuation for a bull trend.
3. Yeah...it is but before that i found one possibilities and this is an alternate wave count and view for the previous what i shared yesterday.
4. In this view there is a wave (b) is still alive in the running flat formation as i explained here and we are getting rejected from 1.272 for the wave a)(blue) and b) went to the high 112.08 and getting rejection...
5. So, this could also alternate view for my previous view and i am in long from 103.4 as i said..i will add if it bounced from 109.6 once it reached there in 3 waves or 5 waves as a Y or C in the intermediate.
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
Edited 01 Oct 2021, 01:11
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