If my count is correct we should be at the bottom or very very close to the bottom. Under no circumstances can USD/JPY be allowed to break below 79.56, which means a USD-buy here would pose a very low risk oppotunity as a stop-loss can be placed just one tick below 79.56.A break below 79.56 we force a recount and call for a deeper wave 2 towards 78.82 area.
This is the kind of oppotunities we are looking for, when entering a trade - Low risk and lots of potential reward.
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