106.516 as re-test point . May price drop from there
If you follow me, I am pretty sure you know that I've posted USDJPY on yesterday May 6,2020
And today , USD Yen really drop as I predicted before.
But let me I tell you something...
This USDJPY you can sell again , but let it go up first to re-test fibonacci 50% retracement 106.516 . And from there, you actually can short USDJPY !
KEY NOTES :
1 ) USDJPY in bearish mode
2 ) I see USDJPY almost done about wave intermediate correction B . My prediction final drop only until 105.630. Consider that USDJPY seems made flag parallel channel. So if you short, lock profit on 106.516!
TIPS : Wave B most of time will doing correction over than 50% of wave A
And today , USD Yen really drop as I predicted before.
But let me I tell you something...
This USDJPY you can sell again , but let it go up first to re-test fibonacci 50% retracement 106.516 . And from there, you actually can short USDJPY !
KEY NOTES :
1 ) USDJPY in bearish mode
2 ) I see USDJPY almost done about wave intermediate correction B . My prediction final drop only until 105.630. Consider that USDJPY seems made flag parallel channel. So if you short, lock profit on 106.516!
TIPS : Wave B most of time will doing correction over than 50% of wave A
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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.
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.