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RaynLim
Jun 25, 2023 2:53 PM

Bullish Run Persist Long

U.S. Dollar/Japanese YenFXCM

Description

I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade.

If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup than the AB=CD Pattern.
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