kahwax33

kahwax33

USDJPY just ended Wave 5 impulse from motive. Now it's going for an impulse and looking for third wave to the next high. It also reaches the fib level as well. Could be forming ABC after a huge impulse down for months.

kahwax33

After a bullish run for wave 3 the price retraced to 0.618 fib level and rejected it forming wave 4. I'm expecting the price to push higher this coming week and form the final wave 5. Furthermore, the price is on a channel. I'll be buying until the price reaches the channel resistance level and then shorting it. This is the beginning of an uptrend. In the daily...

kahwax33

Price is heading up to the expanding triangle resistance to form wave 4. Will look for a reversal pattern at the resistance before shorting to completely form the last wave 5 which is also the support of descending channel.

kahwax33 Updated 

Price is currently at the support level. Buyers could push the price higher and form ABCDE expanding triangle before trend continuation.