Sniper_409

Sniper_409

The price consolidated after reaching the 61% fibo level of the February started up trend, now the consolidation broken and the daily RSI is over sold. furthermore, RSI divergence showed in the daily and 4hr timeframes. some retracement expected before go long.

Sniper_409

After strong down trend in USDJPY and a completion of Elliott wave structure a reversal head and shoulder pattern formed and neck line broken. Now waiting for neck line re-test for Long setup.