Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
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USD/JPY Potential Bullish Wolfe Wave Swing

Ožujak 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.

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*EPA - Estimated Price at Arrival (Target Price)

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