USDJPY, propably end of 3rd impulsive wave; short and long :-)
Hi fellow traders,
What for a rally has USDJPY made recently, it is to see at D1 TF that it moves with a straight upward in an almost vertical line.
In my technical point of view, a third wave has to be finished here at around 113.8xx (highest level recently) and UJ has tried to test a new highs but has failed up to now, which indicates that an end of third wave should be ensured.
Possible upcoming levels take your look at the depicted chart.
Trade well!
P.S.: The labeled ABC and 12345...are my own method, pls ignore to the rules of Elliot for labeling them correctly, because tradingview.com has not provided enough tools to label it and I have to develop my own method to adapt it.
m2m
What for a rally has USDJPY made recently, it is to see at D1 TF that it moves with a straight upward in an almost vertical line.
In my technical point of view, a third wave has to be finished here at around 113.8xx (highest level recently) and UJ has tried to test a new highs but has failed up to now, which indicates that an end of third wave should be ensured.
Possible upcoming levels take your look at the depicted chart.
Trade well!
P.S.: The labeled ABC and 12345...are my own method, pls ignore to the rules of Elliot for labeling them correctly, because tradingview.com has not provided enough tools to label it and I have to develop my own method to adapt it.
m2m