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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 151.11 with 138.65 – 131.50. Sell signal: The price decreases to less than 151.11 loss: above 151.50, take profits: 138.65 – 131.50.
- An alternative scenario: The penetration and unification above the level of 151.11 will allow the husband to continue to rise to 154.70 – 158.76 levels. Buy signal: The level of 151.11 is broken to the upper direction. Stop loss: less than 150.70, take profits: 154.70 – 158.76.
The main scenario
Consider short positions of corrections less than the level of 151.11 with 138.65 – 131.50.
Alternative
The penetration and unification above the level of 151.11 will allow the husband to continue to rise to 154.70 – 158.76 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 under progress in H1chart, where the I 3 wave is formed and a local correction is evolving as an II confrontation of 3. After the correction, if the assumption is correct, USD/JPY It will continue to decrease to 138.65 – 131.50. The level of 151.11 is very important in this scenario, as the husband will be able to continue to rise to levels of 154.70 – 158.76.
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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