USDJPY-Weekly Market Analysis-Jan22,Wk4

FX:USDJPY   U.S. Dollar / Japanese Yen
A Type 2 Bullish Shark Pattern has formed in the USDJPY 4hourly chart. A type2 Harmonic Patterns mean that the market has fulfilled at least Target1 of the entire setup. At times we can have a weaker(slower) move towards the upside.

On the 1-hourly chart, you could plot a trendline and set an alert to wait for a break and close above the trendline as an additional filter for your long entry.

DM me if you want to learn the right skills to analyse the market and no longer rely on others for profits.

Join our Official Telegram Group

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.