USDJPY Double Scenario
Sell Scenario:
D1 - Special cycle completed, currently a retrace is happening towards the 38.2% - 50% fibo retrace zone. Once the price reaches this zone we may look for evidences of bearish reversal and may start looking for sells.
Buy Scenario:
H4 - Triple cycle completed, currently it looks like a retrace is happening in the form of double wave down towards the 38.2% - 50% fibo retrace zone.
Once the price reaches the magnet zone look for evidences of bullish reversal. We may then start looking for buys until price reaches the 38.2% - 50% fibo retrace zone of the daily special cycle.
D1 - Special cycle completed, currently a retrace is happening towards the 38.2% - 50% fibo retrace zone. Once the price reaches this zone we may look for evidences of bearish reversal and may start looking for sells.
Buy Scenario:
H4 - Triple cycle completed, currently it looks like a retrace is happening in the form of double wave down towards the 38.2% - 50% fibo retrace zone.
Once the price reaches the magnet zone look for evidences of bullish reversal. We may then start looking for buys until price reaches the 38.2% - 50% fibo retrace zone of the daily special cycle.
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