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Potential entry points for the Japanese yen

Timeframe: 1H

So far, everything is in strict accordance with the plan published earlier: vk.com/wall-124328009_21181. The Yen has formed an upward zigzag within wave “E”, completed the structure of its sub-waves, and is now potentially ready for a powerful downward exit from the triangle (X).

I start to short the pair, with the designated stop in small lots, as I expect a significant strengthening of the yen against the dollar. But the story is extremely risky, therefore, without fanaticism in terms of volumes.


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