Trading news

USD/JPY Bullish Wolfe Wave Confluence with ATR

The USD/JPY is recovering from a recent drop and we can see a bullish structure forming on intraday time frame. The structure is a bullish Wolfe Wave where point 4 is between point 1 and 2 and that accounts for a strict bullish Wolfe Wave. Breakout of 113.45 could be a sign for bullish wave towards 113.70 and 114.00. EPA (Estimated Price at Arrival) or final TP per Wolfe Wave rules is the intersecting 1-4 line which points to 115.30 level. If the breakout is confirmed we might see development to EPA over next few days. 114.00 is ATR projection for intraday targets.

Admiral Markets Review

Wednesday, 18 Jan, 2017 / 1:03

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://admiralmarkets.com/analytics/technical-analysis/usd-jpy-bullish-wolfe-wave-confluence-with-atr

Trading news

 

PFIZER CRUSHES Q2, PROJECTS HIGHER COVID-19 SALES

The resurgence of covid-19 cases, with the rapid spread of the Delta variant [...]

Posted on Thursday, 29 Jul, 2021 / 10:57 under

Eurozone Q2 GDP: The Recession Is Over

Tomorrow we await the official confirmation that Europe has exited the [...]

Posted on Thursday, 29 Jul, 2021 / 10:40 under

Powell eases taper angst, dollar slips; China stocks stage rebound

  Fed cites “progress” but still a ways to go; September [...]

Posted on Thursday, 29 Jul, 2021 / 10:35 under