In this 30 min chart we can see a good Elliot pattern to trade and we will see three cases to pips and profit maximization today for Intraday .
The rectangular Portion will act as pivot on 30 min char at price range 113.25-113.55 for USD/JPY Lets see how we could invest in it I Have shown #3 possibilities as you can see in chart 2 short possibilities and 1 long possibilities
Case 1 Long if USD/JPY goes above square price i.e to corrective above 113.52 you could enter long trade for target at 114.15 not above I am expecting .
Case 2 Short USD/JPY at completion of correction at 114.15 Target from their is 112.50 Stop loss 30 pips from entry
Case 3 Short if price goes below from the time call give below 113.20 you could short Target price will be same as case 1 i. 112.50 Over all pips you could grab with your intelligence is 63+163=+126 and minimum 80 Pips with this strategy maximum Loss 30 pips.
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