USDJPY- 5 waves got completed. Expecting a 3 waves correction.
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MARKET COMMENTARY:
1. Looking for a 3 waves in a correction it could be a wave((4)) or 2) of (C).
2. I am waiting for 113-122.20 zone for a correction to end and then i am expecting for a bounce.
3. So for one complete 5 waves completed from the low 108.75 to 115.3 may be one more wave to upside possible. But, the trendline taking as a resistance...
4. I am in BUY from 103.2 and now i booked my half position @ 115.3 just now.
5. Will accumulate it if it comes to 113 or if it shoot and my view got invalid i will be satisfy what i am having to book above 118.8.
6. In other side GOLD finished from 1877 to 1777 a 5 waves so i am looking for another 3 waves to1835-1840 zone in 3 waves for "b" wave. At that time UJ may be a PB to the downside.
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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