Jump to content

U.S.Dollar/Japanese Yen (USDJPY) 4 Hour Chart Elliott Wave Technical Analysis 15 August 23


Recommended Posts

USDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 15 August 23
U.S.Dollar/Japanese Yen (USDJPY)  4 Hour Chart
USDJPY Elliott Wave Technical Analysis
Function:  Counter Trend
Mode: impulsive
Structure:WXYXZ
Position: Red wave 2
Direction Next lower Degrees:Red subwave 4  
Details: Red Subwave Wave “3 of  C of Z”  in Play . Wave Cancel invalid level: 141.517
 
The USDJPY Elliott Wave analysis for 15 August 23, is presented on the 4-hour chart, focusing on the movement of the U.S. Dollar to Japanese Yen currency pair (USDJPY). This analysis delves into the nuances of the counter-trend nature of the market, characterized by an impulsive mode and a complex structure denoted as WXYXZ.
 
The primary objective of this market assessment is to decipher the counter-trend dynamics, where the current price movements are opposed to the dominant market trend. The impulsive mode implies that the market is experiencing rapid and significant price fluctuations, which traders can exploit for potential trading opportunities.
 
The market structure is articulated as WXYXZ, illustrating the intricacies of the price movements. This pattern encapsulates the sequence of waves and corrective phases that compose the market's behavior, serving as a roadmap for anticipating future price actions.
 
Of particular significance within this analysis is the identification of the Red wave 2, a key component of the broader pattern. The positioning of Red wave 2 in relation to the Red subwave 4 provides insight into the hierarchical relationship of different wave degrees within the Elliott Wave framework.
 
An essential aspect of the analysis is the acknowledgment of the presence of Red Subwave Wave “3 of C of Z,” which is currently unfolding. This underscores the ongoing nature of the market movement and underscores the importance of monitoring developments closely.
 
The analysis also provides a Wave Cancel invalid level at 141.517, serving as a reference point for traders. This level indicates that if the price reaches this threshold, the current wave analysis may need to be reconsidered. This underscores the importance of incorporating risk management strategies that account for such scenarios.
 
To conclude, the 4-hour chart Elliott Wave analysis of USDJPY showcases the counter-trend impulsive movement, presenting traders with valuable insights. This analysis can be utilized to refine trading strategies, identify potential entry and exit points, and make informed decisions based on the prevailing market structure. However, traders should
 
integrate other factors like fundamental analysis and market sentiment to ensure a comprehensive trading approach and effective risk management.
3)usdjpy.thumb.png.ac854953f00983e9dc629cb06e735f72.png
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • コード「IMOIJ1WB」とは何ですか? 2024 年 7 月 19 日現在: これが BingX 紹介コードです。このコード「IMOIJ1WB」を BingX アプリに入力すると、最大 $5000 のボーナスと 50% の手数料割引を含む、取引手数料の継続的な割引が受けられます。このコードを共有することで、ユーザーは最大 $1000 USDT のサインアップ ボーナスを含む最大 25% のボーナスを獲得できます。 2024年7月19日更新:このBingX紹介コード「IMOIJ1WB」は、イギリス、ロシア、ベラルーシ、アルメニア、ラトビア、フランス、トルコ、ポーランド、日本、ウクライナ、デンマーク、イタリア、スペイン、ハンガリー、スウェーデン、スイス、ルクセンブルク、アイルランド、アイスランド、ポルトガル、ペルシャ語圏、アラビア語圏、エジプト、オランダなどの国で適用されます。
    • Quel est le code « IMOIJ1WB » ? Au 19 juillet 2024 : il s'agit du code de parrainage BingX. Entrez ce code « IMOIJ1WB » dans l'application BingX pour profiter de réductions continues sur les frais de négociation, y compris jusqu'à 5 000 $ de bonus et 50 % de réduction sur les frais. En partageant ce code, les utilisateurs peuvent gagner un bonus allant jusqu'à 25 %, avec un bonus d'inscription allant jusqu'à 1 000 USDT. Mise à jour le 19/07/2024 : Ce code de parrainage BingX « IMOIJ1WB » est applicable dans des pays tels que l'Angleterre, la Russie, la Biélorussie, l'Arménie, la Lettonie, la France, la Turquie, la Pologne, le Japon, l'Ukraine, le Danemark, l'Italie, l'Espagne, la Hongrie, la Suède, Suisse, Luxembourg, Irlande, Islande, Portugal, pays persans, pays arabophones, Égypte et Pays-Bas.
    • Aktualisiert am 19.07.2024: Dieser BingX Empfehlungscode "IMOIJ1WB" ist in Ländern wie England, Russland, Weißrussland, Armenien, Lettland, Frankreich, Türkei, Polen, Japan, Ukraine, Dänemark, Italien, Spanien, Ungarn, Schweden, Schweiz, Luxemburg, Irland, Island, Portugal, persischsprachigen Ländern, arabischsprachigen Ländern, Ägypten und den Niederlanden gültig. Was ist der Code IMOIJ1WB? Stand vom 19. Juli 2024: Das ist der BingX Empfehlungscode. Geben Sie diesen Code IMOIJ1WB in die BingX App ein, um fortlaufende Rabatte auf Handelsgebühren zu erhalten, darunter bis zu 5.000 $ Bonus und 50 % Gebührenrabatt. Durch die Weitergabe dieses Codes können Benutzer einen Bonus von bis zu 25 % erhalten, mit einem Anmeldebonus von bis zu 1.000 USDT.
×
×
  • Create New...
us