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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 150.48 with 142.50 – 138.65. Selling signal: The level of 150.48 is broken to the downside. Loss stop: above 151.20, take profits: 142.50 – 138.65.
- An alternative scenario: The penetration and unification above the level of 150.48 will allow the husband to continue to rise to 152.72 – 154.20 levels. Buy signal: The level of 150.48 is broken to the upper direction. Loss stop: less than 149.80, take profits: 152.72 – 154.20.
The main scenario
Consider short positions of corrections less than the level of 150.48 with 142.50 – 138.65.
Alternative
The penetration and unification above the level of 150.48 will allow the husband to continue to rise to 152.72 – 154.20 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) develops from 4 on the H4 time frame, where the first wave 1 of (C) is formed and a second correction is completed as a second 2 of (C). Apparently, the third wave 3 of (C) is formed on the H1 chart, with the development of the third wave of 3 as part of it. If the assumption is correct, USD/JPY It will continue to decrease to 142.50 – 138.65 levels. The level of 150.48 is very important in this scenario, as the husband will be able to continue to rise to levels of 152.72 – 154.20.
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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