#USDJPY - UniverseMetta - Analysis
D1 - We are in the oversold zone, the price has also adjusted by 4% from the maximum.
H4 - A 3 wave structure may form. The entry can be considered from these levels or wait until the structure is formed. The most likely scenario is to consolidate behind the trend line and continue to consider purchases. Stop for the formed fractal/2nd wave. Local targets 158.350. Next, a correction may form, and volumes can be increased for further upward movement if there is a retest of the level. The reverse side is the formation of an ABC structure and a further downward fall.
Target 158.350. - 161.930
D1 - We are in the oversold zone, the price has also adjusted by 4% from the maximum.
H4 - A 3 wave structure may form. The entry can be considered from these levels or wait until the structure is formed. The most likely scenario is to consolidate behind the trend line and continue to consider purchases. Stop for the formed fractal/2nd wave. Local targets 158.350. Next, a correction may form, and volumes can be increased for further upward movement if there is a retest of the level. The reverse side is the formation of an ABC structure and a further downward fall.
Target 158.350. - 161.930
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.