$USD vs. $JPY 4H Chart. One last drop, Eyes 105.540 | #usd #fx
Traders,
USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far.
1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130.
2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488.
3 - Wave Y(circle) possible last ZigZag pattern, completing the corrective structure with a Double Zig-Zag.
-Price has touched previous top level (A) 114.368 and pushed back, indicating a flat pattern.
Overall, bearish bias to 107.145, 105.540, or 104.080.
Trade with Discipline.
Best
USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far.
1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130.
2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488.
3 - Wave Y(circle) possible last ZigZag pattern, completing the corrective structure with a Double Zig-Zag.
-Price has touched previous top level (A) 114.368 and pushed back, indicating a flat pattern.
Overall, bearish bias to 107.145, 105.540, or 104.080.
Trade with Discipline.
Best
Note
Pirce should be ready to drop.Still expecting one more leg down close to our target.
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.