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ThinkingAntsOk
Sep 13, 2019 1:17 PM

Top and Bottom Analysis on USDJPY by ThinkingAntsOk 

U.S. Dollar/Japanese YenFXCM

Description

Use this as an idea to develop your own setup

Main items we see on the 4hs Chart:

a)Price is against the daily descending channel, we should see if the price finds resistance there or if it's able to surpass it
b)If the price Re-enter the zone, we will expect a corrective structure, this will be a good entry for short setups
c)If the bearish movement returns, we expect a continuation towards 105.170
d)Take a look to the Bullish Scenario on the Weekly chart below this text

Weekly Vision:


Daily Vision:
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