another cup & handle forming on usdjpy

based on wave analysis this is my forecast, noticed how gold also formed a larger cup n handle but it failed, and then invalidated the previous handle support

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took profits, waiting for wave 4 to present a short entry!

Komentarz:

Im seriously considering shorting on wave 4 before market close, Have to expect news after markets close or over the weekend in an environment like that. At best, you have to give the world an update to the status of the Coronavirus.

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scaled into a short position for wave 4, will hold over the weekend. Will add more on a break of 107.5

Komentarz:

covered my short on usdjpy back to long based on wave 4

Komentarz:

closed long position

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Komentarz:

long re-established

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