The Dollar Yen pair are currently in a corrective phase after the long impulse up to these levels.
As we know corrections can be quite complex and difficult to work out.
In this case I think we are looking at a zig zag ABC correction which is incomplete.
Zig zags are usually deep and sharp so I can see this moving further down before it's complete.
The arrows are there to show possible direction only.
Do not try and trade from this chart - you need to zoom in and look for buy or sell entries as price moves.
Essentially my medium term forecast is long once this correction is complete
Forecasts will be updated as they develop so remember to follow to receive them. You can also receive notification of updates via twitter
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve
As we know corrections can be quite complex and difficult to work out.
In this case I think we are looking at a zig zag ABC correction which is incomplete.
Zig zags are usually deep and sharp so I can see this moving further down before it's complete.
The arrows are there to show possible direction only.
Do not try and trade from this chart - you need to zoom in and look for buy or sell entries as price moves.
Essentially my medium term forecast is long once this correction is complete
Forecasts will be updated as they develop so remember to follow to receive them. You can also receive notification of updates via twitter
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve
Komen:
The move up wasn't as long as expected but we seem to now have the short move to end the correction. Once complete we'll be looking for a long entry
Komen:
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