Hiee,
The USDJPY has been in an uptrend with occasional sideways consolidation for quite some time.
In the current scenario, price has created HH's with the L's holding their ground.
We can see that the 3rd bull swing is quite extended hitting an important Fib extension level.
We expect this 3rd bull swing to retrace deeply; maybe even change the trend.
Lets see how it plays.
Always remember to manage risk and trade appropriately..
Cheers
The USDJPY has been in an uptrend with occasional sideways consolidation for quite some time.
In the current scenario, price has created HH's with the L's holding their ground.
We can see that the 3rd bull swing is quite extended hitting an important Fib extension level.
We expect this 3rd bull swing to retrace deeply; maybe even change the trend.
Lets see how it plays.
Always remember to manage risk and trade appropriately..
Cheers
Trade active
Halfway there,,can book some profits since its currently at 61.8% of the bull swing.
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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.