aibek

USDJPY. Potential area of landing in wave (4)

FX:USDJPY   U.S. Dollar/Japanese Yen
Hello friends!
It's very clear zigzag in wave (4).
As you can see the wave C of (4) already broke below 100% of wave A. (I put it as possible target in my previous yen post)
I know that many of you are ready for continuation of the trend in wave 5 upside.
I think we can have another drop down before that, and it can be painful.

The area of potential landing is highlighted in red rectangle .
Let's count them level by level:
1) 107.88 = 1.618 of wave A in wave C
2) 106.81 = 38.2% retracement of wave (3) (I lost pretty much disobeying this rule entering ahead of time)
3) 105.43 = upper side of wave 4 of (3) (lesser degree)
4) 104.13 = 2 of wave A in wave C
5) 100.76 = downside of wave 4 of (3) (lesser degree)

Let us see how it goes!
Best wishes!
Aibek
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out