Hello traders,
USDJPY started recovering from the 101.18 level, giving us first evidence of a completed higher degree wave C), and that a new, three-wave A-B-C rise for a leg D) is in play. At the moment we see price ending a wave B of D) at 106.09 level, meaning price can be turning higher for a leg C with five waves. That said, a rally in five legs of a lesser degree, and above the 109.84 level would be bullish for wave C of D).
Trade well,
The EW-forecast team
USDJPY started recovering from the 101.18 level, giving us first evidence of a completed higher degree wave C), and that a new, three-wave A-B-C rise for a leg D) is in play. At the moment we see price ending a wave B of D) at 106.09 level, meaning price can be turning higher for a leg C with five waves. That said, a rally in five legs of a lesser degree, and above the 109.84 level would be bullish for wave C of D).
Trade well,
The EW-forecast team
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FOREX, US Single STOCKS, CRYPTO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Stocks are free!
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Stocks are free!
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
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.