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RaynLim
Aug 30, 2021 6:04 AM

USDJPY - 5-0 Pattern Long

U.S. Dollar/Japanese YenFXCM

Description

Consolidation in the 5-0 Pattern is what traders who shorted the Shark Pattern don't want to see. A break and close below the blue box will ease the mind of many. However, Profession traders will look closely at that level and decide should they liquidate their 2nd Target and go long.

You don't need to stare at the screen, just set an alert and let technology alert you and decide when the candlestick close.
Comments
RaynLim
Here we go, the USDJPY has reached it's 1st Target before EURJPY does. Oh WOW!! Who have expected this? Now we are waiting for it to break and close below the blue box to invalidate the 5-0 Pattern
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