Lets break usdjpy down

FX:USDJPY   U.S. Dollar / Japanese Yen
77 0 2
Hello, i forgot to post this trade earlier in the week but here we have a good combination of harmonics as well as structure indicating a long, My analysis is based majorly on structure but in this particular trade we have a bat pattern as well which is a pattern i have traded very frequently in the past.
Falling wedge/ Reversal pattern completed its 5 wave down move
Earlier today the price broke out from the ascending triangle
Whats next?
Price is likely to make a corrective looking at the Overbought conditions
look for a correction completion before entering a trade along with oversold conditions on the rsi
Potential reversal level
Comment: Another possibility
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out