Adding the Elliott Wave theory to your toolbox will make you a better trader by understanding the chaotic market cycles. It gives an edge and foundation to improve entries and filter out low-probability trades.
This week, we look at the USD/JPY to get into a bullish trend; according to the wave count, the price will soon finish the corrective wave. Simultaneously, the SPX500 has moved higher for weeks, and now during the earnings season, it’s likely to continue. The US dollar is cheap, and the reversal is coming up.