PRO_Indicators

USDJPY / M1 : Longterm pleads for a bull trend reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can be sold in counter trend.
Which means that buyers need to exit under resistance and can't hold their trades too long...
This analysis suggests that in order to hold longs for long term, this would need to wait for subwave 'c' to be reached.

Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Daily Market Reviews (FR+ENG) : https://youtube.com/c/proindicatorsbundle

// Website : https://pro-indicators.com
// Discord : https://discord.gg/Agdf5rt
// Twitter (FR) : https://twitter.com/Phil_RX
// Telegram (ENG) : https://t.me/pro_indicators

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out