Hello awesome traders!
USDJPY (1H) is shaping up beautifully with a textbook 5-wave structure into a potential reversal zone.
After completing the 5th wave at 145.442, we’re seeing a controlled pullback targeting the TARGET ZONE 1, which aligns perfectly with:
127% Fib Extension of the last impulse
161.8% Full Projection
200 SMA Dynamic Support
We’re watching closely for price to reach this high-confluence area (144.471 – 144.207), which also aligns with the previous Wave 4 region and the trendline break. If buyers step back in with strong price action, we’ll look to long from this zone toward a retest of 145.255, and possibly beyond if structure shifts bullish again.
Key Outlook:
🔸 Short-term retracement into value
🔸 Bullish continuation possible from PCZ
🔸 Patience pays — let the setup complete
We'll monitor the TARGET ZONE 1 for signs of accumulation and a fresh breakout setup.
🔥 Structure. Patience. Execution.
🟠 Follow for more clean structural setups and trade-ready charting ideas
TradeChartPatternsLikeThePros.
USDJPY (1H) is shaping up beautifully with a textbook 5-wave structure into a potential reversal zone.
After completing the 5th wave at 145.442, we’re seeing a controlled pullback targeting the TARGET ZONE 1, which aligns perfectly with:
127% Fib Extension of the last impulse
161.8% Full Projection
200 SMA Dynamic Support
We’re watching closely for price to reach this high-confluence area (144.471 – 144.207), which also aligns with the previous Wave 4 region and the trendline break. If buyers step back in with strong price action, we’ll look to long from this zone toward a retest of 145.255, and possibly beyond if structure shifts bullish again.
Key Outlook:
🔸 Short-term retracement into value
🔸 Bullish continuation possible from PCZ
🔸 Patience pays — let the setup complete
We'll monitor the TARGET ZONE 1 for signs of accumulation and a fresh breakout setup.
🔥 Structure. Patience. Execution.
🟠 Follow for more clean structural setups and trade-ready charting ideas
TradeChartPatternsLikeThePros.
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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.
Disclaimer
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.