Similar idea here on EURUSD

So I was late but there IS a buying opportunity for USDJPY 5 MIN CHART

I wanted to show you step by step on determining how to buy lets see if this is a winner

When trading a pair and price is going your side you should alway ask yourself, although price is going this way what is the alternative move and is the alternative count still valid ... NOTE: only ask yourself this if your winning if you have a loosing trade don't do this as it will lead to disaster as you might hold on losses for longer that they are required

Let me share an example

This is my current trade

If price wants to extend the wave 4 we could mostly have an extended correction WXY .. so this could be also another possibility . So 1. I need to know what is my exposure . 2.Where would I remove risk . And where would I add another position

That 3.4 rr

EURUSD .. 1h . Today we should see price move up for the final wave 5 (5) before price drops

GBPUSD 1H .. as price is moving up through the depth of correction but we should see price drop down soon

USDCAD .. perfect impulse move . We should see a correction soon but the trend is bearish

USDCHF ... 1h .another great impulse drop . Since the trend is still bearish we should see a short correction before price continue down

XAGUSD 1H (SILVER)

XAUUSD (GOLD)... price is in a correction that's why am not biased in any direction . For nows cal trades only

Remember your trading day should begin at 00;00 newyork time . This is the best timezone to feel the formation of each wave

For those trading lower timeframes what do you think is next here

This is a great learning lessons for those who truly want to learn elliottwave ..think before casting you vote

NOTE ; never 100% think the trend has ended because no one knows when the trend is ending , your are allowed to make assumption and those assumption has to be validated by price itself . So when the market is bullish alway treat it as bullish market until when price fail to make higher highs and it starts making a lower low . This is the building foundation of any successful strategy . And you can even prove this yourself look at your trading history you will find that most losses and huge once come from you trading a counter trend .using waves we make these assumption using numbers and letters and you may be accurate in few times but this is not sustainable in the long run, that's why the most profitable waves are wave 3 wave 5 and wave C all which come form the idea of continuation and wave A wave B and WAVE 1 has statistically been the waves that gets more wave trader on losses. Don't take my word for it look at your charts you will see this yourself

Build your strategy trading the continuation waves , wave 3 wave 5 and wave C . For example you have wave 1 whenever price corrects wave 2 and it starts making highs in a direction of wave 3 then you buy , or after wave 3 wait for correction wave 4 to form then buy wave 5 . Or after wave b trade wave C . Pick one have a 3.3 rr take profit , test this strategy for 3 month you I guarantee you will pass any prop-firm challenge . I have seen it work I have students that are funded right now .. again don't take my word for it go and test one of these by urself

If you need guidance whenever you have problems on these strategy I propose text me I will help for free @mwakasole