USD/JPY possible triangle Formation (Nikita FX )
USD/JPY is now making a possible triangle Formation to the next move.
In case of simple 4-ABCDE consolidation pattern, next move is upward and its
target will be at 119.54.
On the other hand, in case of 4-B-abcde consolidation pattern, next move is
downward and its target will be at 116.76 which is my favorable one.
However it could be wave 3 declining if it is not a triangle consolidation.
In that case target of wave 3 will be Fib.161.8% projection of wave 1:115.91.
Nikita FX (climbingfx.jugem.jp/ )
In case of simple 4-ABCDE consolidation pattern, next move is upward and its
target will be at 119.54.
On the other hand, in case of 4-B-abcde consolidation pattern, next move is
downward and its target will be at 116.76 which is my favorable one.
However it could be wave 3 declining if it is not a triangle consolidation.
In that case target of wave 3 will be Fib.161.8% projection of wave 1:115.91.
Nikita FX (climbingfx.jugem.jp/ )
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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.