Today I'm looking at USDJPY.
MN is in Wave 1, W1 is in Wave 3.
On D1, I think we are in the wave 5.
In order to zoom in this W5, I'm switching to the 120m. This TF shows the right number of bars 100-140.
On this TF, I think we are still in the W3 down.
In order to zoom in this W3, I'm switching to the 45 min. This TF shows the right number of bars 100-140. It seems that we are in W3 down.
So, if we go backward to the D1, we are in a W3 of a W3, of a W5. So, this mean that USDJPY will go down a bit before finishing the W5 on the D1, then I will look for a signal to go long.
What do you think ?
MN is in Wave 1, W1 is in Wave 3.
On D1, I think we are in the wave 5.
In order to zoom in this W5, I'm switching to the 120m. This TF shows the right number of bars 100-140.
On this TF, I think we are still in the W3 down.
In order to zoom in this W3, I'm switching to the 45 min. This TF shows the right number of bars 100-140. It seems that we are in W3 down.
So, if we go backward to the D1, we are in a W3 of a W3, of a W5. So, this mean that USDJPY will go down a bit before finishing the W5 on the D1, then I will look for a signal to go long.
What do you think ?