USDJPY tends to move impulsively

U.S. Dollar/Japanese YenFXCM

Description

⋅ Aug 30, 2020 10:28 AM

As you see , we are waiting for the fifth touch to our support line . The fourth to didn't actually touch at the resistance line meaning that a reversal occurred to make a double bottom

Comments

shodowmortal

⋅ Aug 30, 2020 10:34 AM

Nice analysis

TechnicalTrader_RSA

⋅ Aug 30, 2020 10:37 AM

@shodowmortal, pleasure✌😉

Stethostrade

⋅ Aug 31, 2020 7:02 PM

Do you consider 5th wave at 101.20? I think you can use parallel channel from jan 2017.