USD/JPY Potential Bullish Wolfe Wave Swing

Maart 10, 2017 13:10

The USD/JPY has formed a bullish Wolfe Wave structure on H4 time frame. In the last Wolfe Wave blog, I described various trading opportunities using new approach in Wolfe Wave charting. At this point the price is retreating towards Wolfe Wave point 5 zone - 110.10-110.30. Have in mind that this opportunity might take a day or two to develop and if it hits the point 5, now moment buyers could spike the price towards 1-4 target (EPA)* 111.80-112.00. This is a potential bullish swing on 4h time frame.

Follow @TarantulaFX on twitter for latest market updates

Connect with Nenad Kerkez T on Facebook for latest market updates.

*EPA - Estimated Price at Arrival (Target Price)

Forex101 Forex Trading Course