Hi,
Welcome to this analysis about USDJPY and the 4-hour timeframe perspectives. USDJPY is forming the main formation that should not be underestimated here because when it completes it is likely to increase volatility heavily. As when looking at my chart now we can watch there how USDJPY is forming this main bear-flag-formation in the structure with the initial wave-C within the wave-count already completed. Now with this bear-flag-formation USDJPY is forming the further wave-B in the structure. What is important here is when USDJPY completes the bear-flag with a breakout below the lower-boundary as the wave-count within the bear-flag also already finalized this will be the origin for further continuations to the downside and development of the wave-C as well as the activation of the lower target-zone within the dynamic-target-zone marked in my chart in red. Once this zone has been reached the situation needs to be elevated again and USDJPY needs to show if it is managing to reverse in the structure or just continues bearishly, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about USDJPY and the 4-hour timeframe perspectives. USDJPY is forming the main formation that should not be underestimated here because when it completes it is likely to increase volatility heavily. As when looking at my chart now we can watch there how USDJPY is forming this main bear-flag-formation in the structure with the initial wave-C within the wave-count already completed. Now with this bear-flag-formation USDJPY is forming the further wave-B in the structure. What is important here is when USDJPY completes the bear-flag with a breakout below the lower-boundary as the wave-count within the bear-flag also already finalized this will be the origin for further continuations to the downside and development of the wave-C as well as the activation of the lower target-zone within the dynamic-target-zone marked in my chart in red. Once this zone has been reached the situation needs to be elevated again and USDJPY needs to show if it is managing to reverse in the structure or just continues bearishly, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.