soundmaxx

USD/JPY buy Monday!

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
According to the market cycle, we should get W or M formation follow by 3 levels of rising/drop before the price change.
It's forming on the 15min chart. I reckon we are at level 1 and will rise to level 2 once the Asian market opens.
I'll keep an eye on it. What do you guys think?
Chris.
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.