A YEAR LONG FORECAST ON USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 22, 2020 6:45 AM

Are we finally going to see USDJPY breaking out of giant triangle?
if that is the case this is my forecast for rest of the year...
i would consider buying this counter only if it breaks above 113 and holds it for a week.

Comments

algoffar

⋅ Feb 23, 2020 7:44 AM

Thanks for your replied, i Will find out
Good luck

AllMarketTrader

⋅ Feb 23, 2020 12:41 PM

@algoffar, thanks...

reply me when you find out..

kelvin29

⋅ Feb 23, 2020 7:16 AM

hello, are there any confirmation that its a false breakout?

AllMarketTrader

⋅ Feb 23, 2020 12:41 PM

@kelvin29, If you see closely you'll find that volume is not held from my trend line, that ought to be a sign..

algoffar

⋅ Feb 22, 2020 5:08 PM

Did nt you see its already break?
Draw again trendline
Price break triangle ABCDE weekly tf

AllMarketTrader

⋅ Feb 23, 2020 5:18 AM

@algoffar, There is something called as falls break, if you don't know you'll see if stop loss is not hit it will go down my Friend .