Daily: Price will be looking to complete its extended 5th wave. Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance
**Waiting for confirmation between 111.000 & 112.000**
FXLifestyle - Trade Your Future
Nice rejection off of 0.270, adjusted my original fibs.
Waiting for a nice engulfing candle to form, RSI to cross under 70. Will update soon on my entry
USDJPY playing out as expected. Entry was initiated last night. Price broke trendline, adding 2nd entry when price prints a bearish engulfing candle off the trendline
TP reached. Looks like a possible H&S will forming in correlation of a pull for correction wave B and then further downside with confirmation of H&S and next correction wave C.
Will be looking to re-enter after pull back!
Playing out very nicely!
Adding 2nd entry