We are still in profit from riding wave 3-4. we are now approaching wave 5. mark your entries
EURJPY IS SET TO RALLY BACK UP TO THE 136 AREA. WE WILL SEE A RETEST OF THE 129.8-130 AREA FIRST BEFORE RISING TO 136
Usdjpy is building up to get rejected. At this point emotion is driving the pair up. The last drive up to 110.400 area is where price will fail. I am waiting on confirmation to sell this pair.
Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
PRICE IS STARTING TO RETRACE. ONCE WE REACH THE 150 area, that will be a final re-entry for the long term bearish move. for now we area heading up
OVERALL IN THE SHORT TERM PICTURE I SEE THIS PAIR HEADED BACK TO 1.09 AREA. BUT FOR NOW WE WILL HEAD UP BEFORE GOING DOWN. (HOLD THE ELEVATOR)
WAIT FOR THE BUY WHICH WILL TAKE PLACE IN THE PURPLE BOX. IF THIS PAIR MAKES A STRONG PUSH UP THEN IT WILL PASS THE MOST RECENT HIGHS, AT THAT POINT WE CAN EXPECT PRICE TO MAKE IT PAST THE $2 MARK. ON THE OTHER HAND, IF THE PRICE IS CHOPPY ON THE WAY UP WE CAN CONSIDER IT A RETRACEMENT AND CAN EXPECT PRICE MAKE LOWER LOWS ONCE PRICE IS DONE RETRACING. OVERALL...
Last harmonic pattern was a success. Lets do it again Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels