Wednesday, April 6, 2011
Hourly Forex Trading Strategy #JPY - Wave 3 of III Projects
Evaluating the swing target of wave 3 of III projects a rally to 86.60 which also conincides with the 1.618 target of the first leg at 83.70. Thus expect an initial push to 86.00, a minor downside correction and an exhaustive push to the 86.60 to 86.70 target zone. Only a direct loss of 84.75 would threaten an early major fourth wave downside correction before higher. (Ref:
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