Here is a 15 minute chart showing the recent price action on the USD/JPY pair. My bias has changed and I now think the pair is likely to head higher due to the delta time limitations that I mentioned in my post a few days ago. Here is an update. Although it is possible that a flat forms, I now think price will likely fall just below 93 in a wave 4 and then head higher. Move your stops to the bottom of wave i down at 93.35 once price has fallen 25 or so pips below it to cover yourself.
No comments:
Post a Comment