USDJPY: Anticipating Bearish Momentum
Updated
Hello traders,
Trust you are doing great.
Here is my concise Elliott wave view of the USDJP pair.
Trend: Bearish (Local trend) initiated at 151.912.
Structure: Wave 4 ABC correction, began at 147.150, appears completed at 149.746.
Anticipation: Expecting impulsive bearish structure in Wave 5.
Confirmation: Await breakout below 148.889 to the downside.
Invalidation Zones: 149.760 and ultimate invalidation at 150.059.
Targets: Downside objectives at 147.150 and 146.630.
Cheers and happy trading!
Trust you are doing great.
Here is my concise Elliott wave view of the USDJP pair.
Trend: Bearish (Local trend) initiated at 151.912.
Structure: Wave 4 ABC correction, began at 147.150, appears completed at 149.746.
Anticipation: Expecting impulsive bearish structure in Wave 5.
Confirmation: Await breakout below 148.889 to the downside.
Invalidation Zones: 149.760 and ultimate invalidation at 150.059.
Targets: Downside objectives at 147.150 and 146.630.
Cheers and happy trading!
Note
Price objective met.Trade closed: target reached
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