Bullish Heaven.
In the 1 hour chart:
-The price moved to Fibonacci 0.618 to form a wave 1
-The wave 1 retraces back to Fib. 0.786 to give us the wave 2 formation
-The price rallied to Fib. 0(which is price 112.086) to form the wave 3.
- The price move sideways to form an extended fourth wave(wave 4); which finds support at Fib. 0.786.
Just as wave 2 gave us a sharp movement we expected wave 4 to give us a sideways movement which it did. We expecting price to go bullishly to complete the last impulse wave ( wave 5 )
You can also visit my page for a previous analysis on the USDJPY on a 15min. time-frame for more insight.
-The price moved to Fibonacci 0.618 to form a wave 1
-The wave 1 retraces back to Fib. 0.786 to give us the wave 2 formation
-The price rallied to Fib. 0(which is price 112.086) to form the wave 3.
- The price move sideways to form an extended fourth wave(wave 4); which finds support at Fib. 0.786.
Just as wave 2 gave us a sharp movement we expected wave 4 to give us a sideways movement which it did. We expecting price to go bullishly to complete the last impulse wave ( wave 5 )
You can also visit my page for a previous analysis on the USDJPY on a 15min. time-frame for more insight.
Note
Heading For the Crown..Note
3/15/2019: Ahh... Hello traders... we about ending the week in a bullish shot... Hope you all made some nice profit from this trade.We like you all to stick around for the next analysis on this pair.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.