After the big rally the USDJPY started a correction to the down side followed by which we think is an expanded flat.
Several guides lead us to this conclusion:
1) The 61.8% fibo expansion of a from it's end is really near the end of this wave
2) the 76.4% of retracement of a) (or 1) also could be) almost at the same zone
3) the clear pattern where can see clearly the fast zigzag to the down side for wave b
If we are right, there is a good chance for a sell at the point where wave 4)) of c of b) ended (once be crossed by the price) looking to a minimum objective of the actual lows for a good risk reward, because the following decline for wave c) (or 3) ).
Several guides lead us to this conclusion:
1) The 61.8% fibo expansion of a from it's end is really near the end of this wave
2) the 76.4% of retracement of a) (or 1) also could be) almost at the same zone
3) the clear pattern where can see clearly the fast zigzag to the down side for wave b
If we are right, there is a good chance for a sell at the point where wave 4)) of c of b) ended (once be crossed by the price) looking to a minimum objective of the actual lows for a good risk reward, because the following decline for wave c) (or 3) ).
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.