#USDJPY: Bears Around, Bull Leg Stalled, Downside! #Forex
Traders,
Strong bearish activity after bearish impulse and a given small wave retracement implies the bulls have had a weak bullish correction and price has stalled again at retracement level as the bears step in to get a continuation move. Looks great for downside, this could be a 3 wave cyclic move in the making. Worth keeping an eye on this one for a short set up. I hope you have your own tested trading strategy so you can catch this move when it starts properly.
Strong bearish activity after bearish impulse and a given small wave retracement implies the bulls have had a weak bullish correction and price has stalled again at retracement level as the bears step in to get a continuation move. Looks great for downside, this could be a 3 wave cyclic move in the making. Worth keeping an eye on this one for a short set up. I hope you have your own tested trading strategy so you can catch this move when it starts properly.
