USDJPY
MN - The price may push off from the level, a potential rebound to the values of 127.111
D1 - The price has left the ascending trend channel, a potential retest is now forming (which forms a potentially 3-wave structure) and a continuation of the downward movement from a strong level on the MN timeframe.
H4 - The price has broken through the triangle line, which may indicate a continuation of the fall.
Goals for this position can be taken from levels on D1.
What can you expect?
You can consider entering from the level of 141.018 with further movement to the target of 139.550. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 149.910 or 1st wave - 152.015
Short
Targets 146.150 - 144.197 - 142.417 - 139.550
MN - The price may push off from the level, a potential rebound to the values of 127.111
D1 - The price has left the ascending trend channel, a potential retest is now forming (which forms a potentially 3-wave structure) and a continuation of the downward movement from a strong level on the MN timeframe.
H4 - The price has broken through the triangle line, which may indicate a continuation of the fall.
Goals for this position can be taken from levels on D1.
What can you expect?
You can consider entering from the level of 141.018 with further movement to the target of 139.550. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 149.910 or 1st wave - 152.015
Short
Targets 146.150 - 144.197 - 142.417 - 139.550