sanelemakhoba

Waiting for a reversal signal

TVC:JXY   Japanese Yen Currency Index
Following the trend , price seems to at the lowest level where recent support was established , but waiting for a clear reversal signal with clear confluence , near 65.82 . Following wave theory price could over extend to that zone and clear price pattern structure could mean a clear reversal, with a flip in price near (@67.07, the recent lower high) in the lower time frames for a clear signal in a change in trend.
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.