USDJPY LONG: ELLIOTT + WOLFE WAVE

2015年11月16日

USDJPY has completed a bullish Wolfe wave setup on the 1 hour chart. My MT4 data shows an open at 122.210, which would make this a possible Elliott 5 wave impulse as well, presenting a great R/R of 20 to enter long. SL is placed at the peak of (i) as any overlap would invalidate the wave count. Target is set at the Wolfe Wave target line.

Bullish Wolfe Wave Setup:


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2015年11月16日

交易开始

2015年11月16日

交易结束：到达止损

2015年11月16日

注释

NOTE: Although I updated the status to 'Closed: SL hit', this trade should technically still be active. I made a mistake when placing my stop. The SL should've been placed at wave i peak (122.379) instead of wave (i) peak. Overlap of the previous wave degree would not invalidate the wave count. This trade will remain closed but I will update periodically with the new SL for learning purposes. Thanks

2015年11月16日

注释

With correct SL, target would've been hit and profit taken at T1 for +50 pips.