Doing the weekly analysis i see the USDJPY correcting the impulse of 5 waves (white). we are now on a C wave (green) where i expect 5 waves as corresponds to a leg C. We have our wave 1 made and i see a correction of it in an ABC (purple) which i can expect an expanded flat, where C (purple) will have its end under the levels of A. (100,123,138 fibo of wave A). we will see what the market shows us. Right now I'm going down and following it. my trade already protected. Greetings... soon dayly updates.
Trade active
In 1D the forecast of an expanded flat is maintained, where B ended at levels of 123-123 fibo. forecast of a C wave falling in 5, however be careful that there is a possibility of more rise since I have counted a wave 3 going up which can take us to levels of 161.8. in these moments it can be doing wave 4 green.
Trade active
now on break even, spect a revelsal for our wave 4, 3 is done.Trade active
1H count, trade safely!!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.