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USDJPY: Has the Triangle Ended?
The USDJPY pair has completed the formation of a global triangle. The chart shows most of its final cycle wave e, which is the primary double Ⓦ-Ⓧ-Ⓨ zigzag. The construction of the initial part of the bearish impulse has begun. In the near future, the development of the primary wave is likely. This would consist of intermediate sub-waves (1) and (2) which have already ended. The intermediate impulse (3) could end near the level of 107.50. Alternatively, it is assumed that the formation of the triangle will still continue. It is possible that in the short term the price will decline to 108.90, at which the primary ... (full story)
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- Jul 20, 2021 2:52pm Jul 20, 2021 2:52pm
- Bakker
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- 4for4
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Market is not random but unpredictable
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- COGSx86
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Learn, a forex trader must, unlearn and relearn he will.
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- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable