USDJPY H4 I'm looking at it as expanding flat in wave B looking for at least a C down.
There's nothing confirmed Internal C wave up is over so price can push higher, Invalidation point for this trade is the yellow line at the high.
1) Look for impulse down and bear flag on lower TF to confirm more downside to to come before entering a sell.
2) 1st TP 100fib, This level can change depending on where the internal C wave up end's
NFP coming out on Friday so take this into consideration before taking any position.
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There's nothing confirmed Internal C wave up is over so price can push higher, Invalidation point for this trade is the yellow line at the high.
1) Look for impulse down and bear flag on lower TF to confirm more downside to to come before entering a sell.
2) 1st TP 100fib, This level can change depending on where the internal C wave up end's
NFP coming out on Friday so take this into consideration before taking any position.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Current price action move down not looking impulsive to me so I'm not ruling out a higher high on h1. Trade with care
Comment:
Since my last update my suspicion of more upside before we get the C wave down was correct. We still haven't had and sell signal on the lower TF. This trade is still valid unless price breaches the invalidation point. Look for confirmation of more downside to come before entering a sell for C wave down.
