Forex Trading Technical Analysis

Hello Traders I'm going to be analyzing the US dollar Yen

Today is Monday, June 5th and I'm going to be analyzing the US dollar Yen starting on the monthly and working my way down to the one-hour time frame so on the dollar again monthly I still see this as looking like a big ABC cut, and now if this is a big ABC cuts

And then this move up will make a lower high and it will end up continuing the downtrend

Now looking at all Yen pairs it does look like a lot of the empires need to just keep on going up which is why I really wouldn't be surprised if this did just keep on going up invalidating this as being a wave C

Let's head down to the weekly time frame I'm still looking at this first move down as a one I'm still looking at this as possibly being an ABC commission if it is an ABC question it will make an apostle move down at one of these FIB levels breaking struts it to the downside

I could see this just continuing up making higher highs and higher lows and luckily I am going to be looking for Longs on soda time frames until I see a break of started to the downside if I never see that Baker starts into the downside and it just keeps on drifting up then I'll just keep on looking for Longs on sort of time frames so heading down to the Daily time frame we have it looks like it looks like a b and it looks like an uptrend for a possible wave C if this is a wave C then it's probably going to bounce off of FIB level take starts out and continue the downtrend if it's not a Wave 3 then it may bounce off some of these FIB levels but it will never take out structure it'll just keep on making higher lows and I'll just keep on looking for Longs

Short of time frames so going down to the four-hour time frame for our time frame we got a new swing in right here as you can see the price has been making higher highs and higher lows this whole way up it did break some structure but it was only the minor structure really allows me to start to level us down here now we have a new one right here the trend is definitely still up and I would still be looking for Longs

Happy Trading Good Luck