USD/JPY : usd/jpy is currently going to up trend for beyond the technical analysis SD/JPY moving up...
REASONS :
1. monthly chart for current support is strong and buying pressure is high
2. monthly chart - candle stick is engulfing and hammer forming for double conformation
3. the 4hr bottom of chart is forming...
in 4h TF we could see bullish divergent
HH LH created properly while current LH is on the support area with Fibonacci 0,618 as the additional support
now we are waiting for that area to make a swing low for the confirmation to take a buy position
Please share your insight through this ideas, it would be great for my development since i just start in this lovely...
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5...
Looking for a strong hard pullback on the 15 minute timeframe, and then we can look for BULLISH momentum on the 5 minute chart and after confirmation we will start to buy UC again.
HI Friends,
USDCHF forming corrective structure on medium term. As per my wave count i am expecting first small correction an then we can price will reach the Parity.
