Easy clear set up. Top down analysis shows us that price is bearish more then bullish. Based off of the monthly and weekly we can see a head and shoulder pattern forming where the top of the right shoulder is finally completed and is moving towards the neckline. JPY pairs have been coming down as well for the last two weeks so I dont see this changing now
Confirmations:
Last daily candle closed below previous support so showing a bearish push is about to occur
Current price action on H1 and H2 is showing us bearish reversal signals with shooting star candlestick formations and low turned high structure points showing LH being formed
To many confirmations to pass up
Confirmations:
Last daily candle closed below previous support so showing a bearish push is about to occur
Current price action on H1 and H2 is showing us bearish reversal signals with shooting star candlestick formations and low turned high structure points showing LH being formed
To many confirmations to pass up