Possible 5 wave pattern forming on USDJPY has broke out of channel entry taken on 38.2 to 50 retracement of the third wave predicting it to got to the 1.618 retracement level.
Note
Set to break evenNote
Take profit hit
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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.