On the daily timeframe, it is obvious that the corrective pattern was completed (w-x-y) structure, and the impulse wave has started to unfold, where we are currently is on the wave 3.

The 1hr timeframe count shows us a better view of what is happening in wave 3, where we were able to see that wave(i) of 3 has completed its impulse move(1-2-3-4-5) and now setting for a corrective structure ( possibly a zig zag correction.

SO I am expecting the completion of the correction pattern before resuming my buy on USDJPY as clearly shown on the chart.
ملاحظة
the wave c is now heading to second potential reversal zone as analyzed
Elliott WavejapaneseyenUSDJPYWave Analysis

To get precise entry price, SL and TP for all our trade signals and analysis join my telegram channel 👉 t.me/forexhub_channel 🚀🚀🚀

You cna always chat me up directly t.me/abdollar_fx
يعمل أيضًا:

منشورات ذات صلة

إخلاء المسؤولية