Bigger correction down and up again for USDJPY
Hi traders,
Last week we were wrong with our analysis. We did'n't think USDJPY would rise this far. But we didn't lose because there was no setup for the sell.
We've adjusted our wave count and think this pair is ready to make a bigger correction down now.
At the moment there is no setup but if we see an impulse leg and a small correction on a lower time frame wich has multiple confluences (fibs and supply area) we will take the 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 were wrong with our analysis. We did'n't think USDJPY would rise this far. But we didn't lose because there was no setup for the sell.
We've adjusted our wave count and think this pair is ready to make a bigger correction down now.
At the moment there is no setup but if we see an impulse leg and a small correction on a lower time frame wich has multiple confluences (fibs and supply area) we will take the 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