Hi traders,
Last week we said USDJPY would make a move lower to finish the flat correction to the fib retracement 50.0-61.8. And this is another pair that did exactly what we've predicted!
The correction is now completed so this pair is ready to move much higher now. Wait for a small correction on the lower time frame and go long for the price area of 105.50. You can make a big profit!
Another possibility is that this pair will make a last move lower to our demand level which has confluence with the fib retracement 61.8. So always wait for a confirmation before you make a decision to buy or sell.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
Last week we said USDJPY would make a move lower to finish the flat correction to the fib retracement 50.0-61.8. And this is another pair that did exactly what we've predicted!
The correction is now completed so this pair is ready to move much higher now. Wait for a small correction on the lower time frame and go long for the price area of 105.50. You can make a big profit!
Another possibility is that this pair will make a last move lower to our demand level which has confluence with the fib retracement 61.8. So always wait for a confirmation before you make a decision to buy or sell.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading