We're long for now | 31 Enero 2023

31 Enero 2023, USD/JPY

We're long for now

USDJPY is on a strong downtrend. The market has been moving in n form of an expanding triangle. When the market corrects in form of an expanding channel, it means that the trend is still active and there is no possible change of trend. I expect the market to push a little bit higher from where it is now which is 130.407 up to around 130.675, where there is a major zone. Price hitting this level will mark the end of the 5 major waves pattern and the beginning of the minor corrective 3 waves pattern. I expect the market to for a double top at this level before reversing to the downside.

Trade Recommendations:

We're long for now

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.