based on wave analysis this is my forecast, noticed how gold also formed a larger cup n handle but it failed, and then invalidated the previous handle support
Trade closed manually
took profits, waiting for wave 4 to present a short entry!Note
Im seriously considering shorting on wave 4 before market close, Have to expect news after markets close or over the weekend in an environment like that. At best, you have to give the world an update to the status of the Coronavirus.Trade active
scaled into a short position for wave 4, will hold over the weekend. Will add more on a break of 107.5Note
covered my short on usdjpy back to long based on wave 4Note
closed long positionTrade closed manually
Note
long re-establishedTrade active
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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.