Will be looking to sell from the previous tops on strong impulse down. A flat is forming for downward pressure
Wait for the USDJPY to tag a little lower for you to enter to the upside.
Markets move in patterns and an impulse is always followed by a correction and vice versa. The chart shows the completion of a bigger correction and we are looking for a medium term trade to the downside.
It is important to identify impulses and corrections for you to know where the next moves are headed. In this chart you can clearly see the impulses and patterns forming.
Sell setup forming and the correction completing on the pair.
Wait for correction to come and complete before buying.... Zero crossover to complete too
The dollar is at a good place to keep rising. The crisis is still on and the demand for the dollar is high
I expect a slight retracement from the top and then a break of the top. The market cap is currently at highest
Look for buys on strong buy from the bottom
Look for a sell after the correction comes close to the SMA