JPYUSD Third leg M in production

Daily Chart:
Price action is touching higher timeframe trendline en will have higher probability to come down again.
Also M in production to produce its third leg down.
With Fibonnaci in place, my projection TP is back down to the 100% fibonnaci.
Wait on Price action on the 1 Hour Time Frame. (Sell position)

İşlem elle kapatılmış:

Way jump up; Not updated yet this trade.
Strongly against idea

Yorum:

What a price impact due to virus impact on the markets???
Finally the M is created.