USDJPY Short Opporunity in near term (1 hour chart)
USDJPY
Near term short opporunity
Wave ii for USDJPY seems to have started in daily/4 hour charts with divergence visible in wave iii & v of wave i.
Right now we are in wave A of wave ii.
Within wave A the wave i of wave A seems to be finishing and there is a possibility of retracement in wave ii of A.
The idea is to sell at level below wave iv of wave i of A in wave iii of A
Short Entry point: 107.15
SL: 107.85
TP1: 106.75
TP2: 106.4
TP3: 106.2
Near term short opporunity
Wave ii for USDJPY seems to have started in daily/4 hour charts with divergence visible in wave iii & v of wave i.
Right now we are in wave A of wave ii.
Within wave A the wave i of wave A seems to be finishing and there is a possibility of retracement in wave ii of A.
The idea is to sell at level below wave iv of wave i of A in wave iii of A
Short Entry point: 107.15
SL: 107.85
TP1: 106.75
TP2: 106.4
TP3: 106.2
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