Hello friends
In the currency pair USD JPY, an ascending channel can be seen in the daily time frame
which includes 5 motivational waves
We are currently at the ceiling of channel and wave 5
Wave 5 is completing and if it breaks the uptrend
And the retreat at that price reaches the bottom of the channel
Of course, numerous divergences that indicate the end of wave 5 can also be seen quite clearly.
This failure and payback have been completed, so you can enter the sell position by observing the stop loss and money management.
This is our expectation, not the duty of the market
Good luck
In the currency pair USD JPY, an ascending channel can be seen in the daily time frame
which includes 5 motivational waves
We are currently at the ceiling of channel and wave 5
Wave 5 is completing and if it breaks the uptrend
And the retreat at that price reaches the bottom of the channel
Of course, numerous divergences that indicate the end of wave 5 can also be seen quite clearly.
This failure and payback have been completed, so you can enter the sell position by observing the stop loss and money management.
This is our expectation, not the duty of the market
Good luck