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Bullish Heaven.
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In the 1 hour chart:
-The price moved to Fibonacci 0.618 to form a wave 1
-The wave 1 retraces back to Fib. 0.786 to give us the wave 2 formation
-The price rallied to Fib. 0(which is price 112.086) to form the wave 3.
- The price move sideways to form an extended fourth wave(wave 4); which finds support at Fib. 0.786.
Just as wave 2 gave us a sharp movement we expected wave 4 to give us a sideways movement which it did. We expecting price to go bullishly to complete the last impulse wave ( wave 5 )
You can also visit my page for a previous analysis on the USDJPY on a 15min. time-frame for more insight.
-The price moved to Fibonacci 0.618 to form a wave 1
-The wave 1 retraces back to Fib. 0.786 to give us the wave 2 formation
-The price rallied to Fib. 0(which is price 112.086) to form the wave 3.
- The price move sideways to form an extended fourth wave(wave 4); which finds support at Fib. 0.786.
Just as wave 2 gave us a sharp movement we expected wave 4 to give us a sideways movement which it did. We expecting price to go bullishly to complete the last impulse wave ( wave 5 )
You can also visit my page for a previous analysis on the USDJPY on a 15min. time-frame for more insight.
Ghi chú
Heading For the Crown..Ghi chú
3/15/2019: Ahh... Hello traders... we about ending the week in a bullish shot... Hope you all made some nice profit from this trade.We like you all to stick around for the next analysis on this pair.
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