Hi traders,
Last week we said it's possible that USDJPY makes one more leg down to the lower demand area which has confluence with the fib 61.8 and go up from there. And guess what?
It did exactly what we've predicted! You can read the market if you have the skills.
For this week we think that the last wave 5 has ended and we can expect a bigger correction down now. At this moment there is no setup.
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 said it's possible that USDJPY makes one more leg down to the lower demand area which has confluence with the fib 61.8 and go up from there. And guess what?
It did exactly what we've predicted! You can read the market if you have the skills.
For this week we think that the last wave 5 has ended and we can expect a bigger correction down now. At this moment there is no setup.
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