Elliot's Wave expecting Final wave to the downside. ABC retracement done 1-5 wave to begin waiting for reversal candle stick formation.
Day Trade Had ABC move price has to come back to retest the breakout of consolidation.
Inverse Head and Shoulders right side to mirror what happened or Left Mirror
Bearish Setup Retested the trendline for drops to TP.
Inverse Head and Shoulders pattern Which Serves as reversal pattern Dollar strength coming
Dollar Index and key support area USDJPY also on key Support Area Correlating with the analyses of weak Bearish momentum on gold coming soon. (As per Analysis)
Inverse Head and Shoulders we forming right shoulder and as per Dollar index we looking for bulls
Price at Fib zone(50%) and mitigation zone confluence area with privots aswell for a down trend reversal.
Head and Shoulder pattern on eurjpy. reversal pattern.
1) Head & Shoulders pattern 2)Key resistance area of monthly pivots
Fibonacci area 50-61.8 Major support area (area has been holding for months)
1)Key support Area 2)5 wave count done 3)pullback in place (ABC)
1)We in consolidation box expecting price to sell from the top of the consolidation box. 2)We in major Resistance Zone that has been holding. 3)expecting price to break consolidation box for NFP and retest box.
1)inverse head and shoulder/ break of neckline then retest. 2)5 wave impulse Eliot's wave move 3)We in support Zone of weekly pivots.
Elliot's wave count now we in retracement (ABC) Supply zone of Pivots Monthly.
Support Level that has been holding for longest time. At Pivot level for Bulls to enter. JPY pairs all on support.