Hi everyone, just a clean & simple overview of USDJPY.
We saw a 3-Year correction happen after a 3-Year Bullish Impulse Leg. I personally do not swing trade, but right now we are at a very high potential week/month where could be the start of a new impulse leg. We can look for more long opportunity under smaller timeframes.
1. Correction of 50% Fib
2. Break of the downtrend (CTL)
3. Retest & Falsebreak
4. Closing above CTL.
Do leave a like/follow/comment if you enjoy what you're seeing.
Cheers,
Steven
We saw a 3-Year correction happen after a 3-Year Bullish Impulse Leg. I personally do not swing trade, but right now we are at a very high potential week/month where could be the start of a new impulse leg. We can look for more long opportunity under smaller timeframes.
1. Correction of 50% Fib
2. Break of the downtrend (CTL)
3. Retest & Falsebreak
4. Closing above CTL.
Do leave a like/follow/comment if you enjoy what you're seeing.
Cheers,
Steven
