ZigZag618

USDJPY Symmetrical Triangle

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Idea is that we are working their way through a symmetrical triangle. We are completing wave B of D. I am expecting around a .5 fib retracement of sub wave A. This aligns nicely with a 1.618 fib extension of wave A also, meeting right at upper trend line.

What do you think? This will be fun to watch play out!
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.