Hi traders,
USDJPY came to our trendline which has confluence with the fib 1.618 and the higher time frame supply level and made an impulse leg down.
We think this is the start of a bigger correction and after completion it will go much higher. So look for a short term sell opportunity or wait for the finish of the correction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
USDJPY came to our trendline which has confluence with the fib 1.618 and the higher time frame supply level and made an impulse leg down.
We think this is the start of a bigger correction and after completion it will go much higher. So look for a short term sell opportunity or wait for the finish of the correction.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading