Well my wave count was incorrect. I have backed out and took a look at the 4hr chart to get a better perspective of what is going on. I have my new count as being in a wave A of a correction with the 5th wave down completed. I actually did some scalping tonight for a total of 36 pips on the USD/JPY and the GBP/USD. USD/JPY fell off just after I went long on the pair. I swapped my position and picked up 25 pips on the move. I am currently flat and I think I am going to stay that way for tonight. I want to see how this GBP/USD plays out just to make sure my wave count is correct.
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