here the update. a triangle in wave B position give us a great information: if a triangle is a B wave the pattern is always corrective.
so this is a correction of a downtrend. tomorrow FOMC should provide us dollar strength
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so all this information is telling me that this is a pullback in an uptrend and maybe some buy opportunities is in place.
DislikedUSD YEN: very useful for educational purpose and also for trading ( more clear than EUR USD) let's make some analysis: Trend is to the upside as we are making higher highs and higher lows(1st condition place a trade where there's a trend in progress) is it more probable to predict a top in an uptrend or a pullback in an uptrend? clearly a pullback so the buy side in this market will give us more probability of success wave 4 cannot overlap wave 1 wave 4 should make a corrective wave in alternation to wave 2. as we can see wave 2 is a zig zag so...Ignored