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The article covers the following topics:
Main meals
- The main scenario: Consider short positions of corrections less than the level of 145.90 with 138.65 – 131.50. Selling signal: The price is less than 145.90. Loss stop: above 146.30, take profits: 138.65 – 131.50.
- An alternative scenario: The penetration and unification above the level of 145.90 will allow the husband to continue to rise to 151.20 – 158.85 levels. Buy signal: The level of 145.90 is broken to the upper direction. Loss: Less than 145.50, take profits: 151.20 – 158.85.
The main scenario
Consider short positions of corrections less than the level of 145.90 with 138.65 – 131.50.
Alternative
The penetration and unification above the level of 145.90 will allow the husband to continue to rise to 151.20 – 158.85 levels.
analysis
The daily time frame shows that the wave is upward of the largest degree 3 degrees has been formed, and the decreased correction continues to grow as the fourth wave 4, where the wave (а) of 4 and the corrective wave (в) is completed from 4. The wave (C) is developed from 4 on the H4 time frame, where the third wave 3 of (C) is formed and a correction is completed as the fourth wave 4 of (C). Apparently, the 5th wave 5 of (C) is developed on the H1 chart, with a local II local correction of the interior. If the correct assumption is proven, USD/JPY It will continue to decrease to 138.65 – 131.50 levels. The level of 145.90 is very important in this scenario, as the penetration of the husband will be able to continue to grow to levels of 151.20 – 158.85.
This expectation depends on Elliot wave theory. When developing trading strategies, it is necessary to consider the basic factors, as the market situation can change at any time.
Usdjpy price scheme in actual time
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