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AlgoVenture

USDJPY: ABCD Completed within Supply Zone

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
AlgoVenture  
FX:USDJPY   U.S. Dollar / Japanese Yen
AB=CD Supply and Demand Trend Lines USDJPY yen dailyforecast dailyanalysis dlifestyletrader
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abcdpattern supplyanddemand trendline usdjpy yen dailyforecast dailyanalysis dlifestyletrader
USDJPY has undergone retracement since the first bearish wave which broke below a rising trendline.
The price has just completed an ABCD pattern as it found resistance within a supply zone (based on the breakout area).
This is a great combination of a reversal, and clear trend formed and a perfect retracement pattern to execute a trade.
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