USD/JPY with the Symmetrical Triangle
USD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050, to complete the 4th wave.
But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100.
I have applied DMI, ADX is less than 25, which shows a downtrend. And the +DI is above -DI means an uptrend.
But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100.
I have applied DMI, ADX is less than 25, which shows a downtrend. And the +DI is above -DI means an uptrend.
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