The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum.
A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis.
#elliotwaveforecast
marketpainterPH
A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis.
#elliotwaveforecast
marketpainterPH
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This trade is still active.Trade active
An update for #USDJPY. Pair may now be on its way for completing the final impulsive wave c of the corrective phase with targets at 0.5 - 0.618 fibonacci retraments of the previous motive phase.#elliotwaveforecast
marketpainterPH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.