USDJPY Buy Idea
D1 - Special cycle completed, we may expect a correction to happen until price reaches the 38.2 - 50% of the fibo retrace zone.
H1 - Triple cycle, once the triple cycle completes itself, we may expect a correction to happen in the form of double wave down.
We can then start looking for the buys with the breakout of the most recent trend line.
Invalidation: If the price moves lower and breaks below 104.50, then this setup is invalidated.
H1 - Triple cycle, once the triple cycle completes itself, we may expect a correction to happen in the form of double wave down.
We can then start looking for the buys with the breakout of the most recent trend line.
Invalidation: If the price moves lower and breaks below 104.50, then this setup is invalidated.
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