USDJPY Sell Idea
D1 - We have a potential triple cycle and it looks like this triple cycle is converting itself into a special cycle now. We have divergence only on the histogram now.
We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and then continuation to the downside.
H4 - Hidden bearish divergence, downtrend line is being respected.
H1 - Bearish divergence. If you want to be conservative wait for the price to break below the low at 107 (approx) and then we can start looking for sells.
We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and then continuation to the downside.
H4 - Hidden bearish divergence, downtrend line is being respected.
H1 - Bearish divergence. If you want to be conservative wait for the price to break below the low at 107 (approx) and then we can start looking for sells.
Feragatname
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