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darcsherry
Jul 21, 2022 12:58 PM

USDJPY | follow-up details Long

U.S. Dollar/Japanese YenFXCM

Description

The appearance of a reversal pattern on the lower time frame hints at a possible bullish potential for the Greenback in the nearest future. So, I am going to be patient enough to look out for confirmation around the neckline at 138.400 to join the potential rally.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Trade active

Looking out for a reversal structure within the buy zone identified on the chart for entry opportunities.



Good afternoon

@Richebe

Order cancelled

Bullish set-up negated

Update coming soon

Good night
Comments
ForexLog
I had also done my charting the same way. I spotted inverse head and shoulders on the 1HR and was waiting for confirmation then the news crushed everything I was waiting for, for the past 2 days. But that's the market for you. We rise and continue moving.
darcsherry
@ForexLog, Indeed!
Risetz
the dollar will contol the next week??
Richebe
That will do. We will wait for next week. Cheers!
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