Details in the chart. Combination of harmonic and wave analysis
Basically just looking for a small retracement for another push upward... 61.8 is my favorite level so I will adjust my buy limit as needed.
description is in the waves, most of the end points for the waves are at fib retracements or extensions which is what I look for.
USDJPY looking for a flat correction, broken down into fractal wave projections also
Chart markup shows outlook, would like one more push to the low to then buy to minimize risk
Simple 5 wave projection on multiframe analysis. 3rd wave fractal target is the same as 5th wave of the larger wave. So i think 5th wave of the smaller wave count will truncate and then create an ABC correction, currently up 40 pips already
Had a complex ABCDE correction with GU, then a first wave with a 38.2 retracement and then the 3rd wave extended to 161.8 fib extension. Looking for retracement to the 50 fib for wave 4 which is also the 38.2 fib for the 1st to 4th wave so confluence between fib levels. Then looking for price action to support a long position
Look at chart, use of fib retracements and extensions, divergence between 3rd and 5th wave, typical characteristic for awesome oscillator for a 3rd to 5th wave move