Get started
SignalsProvider

USDJPY - SELL IDEA

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
SignalsProvider Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyshort forexsignals trading investing newsignal freesignals signalprovider telegramsignals
5
2
trendanalysis harmonicpatterns chartpattern usdjpy usdjpyshort forexsignals trading investing newsignal freesignals signalprovider telegramsignals
Analyzing USD/JPY on the 15-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a significant downtrend, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The first potential target for wave (c) is around 155.778, which aligns with the length of wave (a). If the downward momentum continues, wave (c) could extend to 155.45, corresponding to the 1.618 extension of wave (a). This setup suggests a short position on USD/JPY.
Trade closed: target reached
✅ Forex Signals: t.me/+prIBChd_gkc4M2E0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.