USDJPY SHORT - Larger continuation flag
Higher time frames - still showing downside after reversing with clear bearish momentum from a high value area, bear flag forming
Lower time frames - now the second bottom of the larger flag is defined, there is a clearer structure. A 123 wave looks to be forming at the end of this expanding flag; this is one of my favourite setups as it signals the probability of the downside move is increased.
Lower time frames - now the second bottom of the larger flag is defined, there is a clearer structure. A 123 wave looks to be forming at the end of this expanding flag; this is one of my favourite setups as it signals the probability of the downside move is increased.