USDJPY ANALYSIS - SHORT
It seems a Wave C is in progress on the minuette period?
MACD also shows divergence on the 4H from the last Wave iii (Minuette Period) ?
I'm looking for a fibonacci entry on the 0.618 (just below the daily pivot/resistance), to trade the rest of this wave C
I have booked 2x Sell Stop/limit to trade 1/2 and full length of Wave C.
It seems a Wave C is in progress on the minuette period?
MACD also shows divergence on the 4H from the last Wave iii (Minuette Period) ?
I'm looking for a fibonacci entry on the 0.618 (just below the daily pivot/resistance), to trade the rest of this wave C
I have booked 2x Sell Stop/limit to trade 1/2 and full length of Wave C.
Comment:
Once price action retraces the fibo and the 3x MAs are confirmed, the trade will be activated.
Trade active:
Fibo entry point reached, trade activated