USDJPY
W1 - The price can form a potential 3-wave structure and continue falling, the nearest level is 140.170, breaking through the 1st wave to implement the 3rd wave
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to local levels 143.012
What can you expect?
You can consider entering from the current levels of 146.634 with a target of 143.012. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave, which will make the entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 148.322.
Short
Target 146.183 - 145.283 - 144.401 - 143.012 - 140.170
W1 - The price can form a potential 3-wave structure and continue falling, the nearest level is 140.170, breaking through the 1st wave to implement the 3rd wave
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to local levels 143.012
What can you expect?
You can consider entering from the current levels of 146.634 with a target of 143.012. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave, which will make the entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 148.322.
Short
Target 146.183 - 145.283 - 144.401 - 143.012 - 140.170