The yen has made the lower degree b wave and is now making the c of that degree to complete a higher degree abc (light blue) Watch the previous published chart on this pair and please don't forget to share your view .I do appreciate all views be it a like or comment .
Comments
taniab
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correction down?
CherieF
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Hey Anil, I'm in this trade up some pips.
Caesare
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If it breaks the top trendline it's bullish isn't it? Macd shows divergence too!!!
anilmangal
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yes ,but wait for a correction to confirm it. The c of C was a short one .
anilmangal
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It could also turn into a more complex wedge pattern
Caesare
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thanks
Caesare
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Do you look at corrections always on the 4 hours? Meaning you see the first candles after breakout on the 4 hours and if they hold you go long?
IvanLabrie
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I entered a long position to make the short after the correction's complete risk free (after taking profits at my sell level).
Looks like we established a low in the 15m chart.