USDJPY

I don't know that much about Elliot wave theory and not saying this idea follows it, but here I can see some elements of it - see 12h chart below. Concentrating on the last period (after the saga price movement between 111.75 and 112.10 in blue-gray rectangle), I can see ABCDE pattern in the last phase, which could end around 110.90 - at least here is my target from 111.32, where I got in. It also corresponds with support/resistance from the past and with 1.272 extension of d-e wave. Let's see what next week will bring to us.

12h chart:

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)

Giao dịch được đóng thủ công:

I'm good with this one ;)