Forex Trading Technical Analysis
Hello Traders I'm going to be analyzing the (XAUJPY)
gold versus the US dollar came in number one so we're gonna do a quick recap of funding daily down to the one-hour time frame so on The Daily, we had pretty much a dozy candle as you can see not a whole lot of ads in today are very corrective I still think the trend is up and I still believe it will end up continuing to make higher highs higher lows
Let's take a look at that on the four-hour time frame I think we're in an uptrend I think we have a one two three four five of one I think this is an ABC down most likely a wave two and I think this is all subdivisions of a big wave three which most likely is not over I believe it will continue to make higher highs and higher lows to continue the uptrend on the Highlight time frame
Let's take it down even more to the one-hour time frame one the hour time frame I said very very corrective today I think someplace in here where there probably is a trend I bet this is a wave I think that this the way here is a three-way pattern to the upside like a way B and I think it's probably going to go down again that probably trap everybody in the long to finish off a wave C before it does end up continuing the uptrend probably go down take out these lows and then end up continuing back up
