USD/JPY - Support and Resistances from the low to the high a EW
hey guys,
if the amount of strokes bothers you just zoom in. I think it's more helpful for swing traders.
The forex pair made its low in Q3 2011 at 75,554. 👍
Since then, she has been able to establish a long-term upward trend again.👌
The intermediate high wave 1 or (A) stopped at 125,879 and formed an Adam and Eve pattern after we had a recent push to the current ATH at 139,394.
EW technically quite a bit is possible, but first let's look at the time periods
The Fib Cycle shows that the POC was breached at 0.786 and the last upward thrust began at 0.886
According to the trend-based fixed time, the IMO current high from low to A to B is an almost exact hit with 1,618 👌❕
The 0.786 Fib Extension also meets the high, Fib Retracement Wave C, current high as well 1. Target zones for Wave C drawing a nice monthly Doji on Monday ✔
The 5 waves would also be an option, but according to the textbook, 2 impulse waves seem more consistent to me
But you never know how long the Fed will play its games with small investors. In other words, they reacted far too late to permanent inflation
The street must be protected 😉
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
If you have any questions, let me know
➡️ If you like my posts, smash the like 👍👍 button, comment or follow me. ⬅️
Thanks for reading my ideas,
Trade save !!
🤑 ⚱ 💸 💲
if the amount of strokes bothers you just zoom in. I think it's more helpful for swing traders.
The forex pair made its low in Q3 2011 at 75,554. 👍
Since then, she has been able to establish a long-term upward trend again.👌
The intermediate high wave 1 or (A) stopped at 125,879 and formed an Adam and Eve pattern after we had a recent push to the current ATH at 139,394.
EW technically quite a bit is possible, but first let's look at the time periods
The Fib Cycle shows that the POC was breached at 0.786 and the last upward thrust began at 0.886
According to the trend-based fixed time, the IMO current high from low to A to B is an almost exact hit with 1,618 👌❕
The 0.786 Fib Extension also meets the high, Fib Retracement Wave C, current high as well 1. Target zones for Wave C drawing a nice monthly Doji on Monday ✔
The 5 waves would also be an option, but according to the textbook, 2 impulse waves seem more consistent to me
But you never know how long the Fed will play its games with small investors. In other words, they reacted far too late to permanent inflation
The street must be protected 😉
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
If you have any questions, let me know
➡️ If you like my posts, smash the like 👍👍 button, comment or follow me. ⬅️
Thanks for reading my ideas,
Trade save !!
🤑 ⚱ 💸 💲
