USDJPY: Anticipating Bearish Momentum
Hello traders,
Trust you are doing great.
Here is my concise Elliott wave view of the USDJP pair.
Trend: Bearish (Local trend) initiated at 151.912.
Structure: Wave 4 ABC correction, began at 147.150, appears completed at 149.746.
Anticipation: Expecting impulsive bearish structure in Wave 5.
Confirmation: Await breakout below 148.889 to the downside.
Invalidation Zones: 149.760 and ultimate invalidation at 150.059.
Targets: Downside objectives at 147.150 and 146.630.
Cheers and happy trading!
Trust you are doing great.
Here is my concise Elliott wave view of the USDJP pair.
Trend: Bearish (Local trend) initiated at 151.912.
Structure: Wave 4 ABC correction, began at 147.150, appears completed at 149.746.
Anticipation: Expecting impulsive bearish structure in Wave 5.
Confirmation: Await breakout below 148.889 to the downside.
Invalidation Zones: 149.760 and ultimate invalidation at 150.059.
Targets: Downside objectives at 147.150 and 146.630.
Cheers and happy trading!
Note
Price objective met.Trade closed: target reached
Related publications
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.
Related publications
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.