USDJPY LONG TERM ANALYSIS

USD looks weak at the same time as JPY.
It is important to take into account areas of interest where a large area of ​​resistance and support is evident in this graph, all these areas can be clearly seen.
It is extremely important to keep in mind that we are in an uptrend, so we must adapt to it.
The end of wave 5 is appreciated. Corrections are necessary however their prediction is complicated.
This correction is highly likely to end up in the 50% Fibbo zone.

I expect a resounding fall in this area of ​​fibbo. Let's keep the risk simple but with great profit expectations.
Buy low and sell high. The last update on this pair was an order from BUY LIMIT.
Hopefully the market reaction and how this can favor us for our operation.

The most important is the risk. If they have an account less than 10k the psychological aspect becomes chaos we must bear in mind that we cannot make thousands of dollars overnight this takes preparation and great mental stability.
Each operation entering and leaving the market with either profit or loss is part of our learning process.
Patience in turn is essential. A 1M chart is extremely slow but the patience and proper execution of the market is our best friend.

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