FX:USDJPY   U.S. Dollar/Japanese Yen
348 4 4
Price needs to break above the purple and orange trendlines to get back to the black upsloping pitchfork .

A failure to break above will smack it down towards the upsloping fibo 1.382
Price has broken the downsloping U-MLH so it will head towards the black usploping P0-P2 ML.
Reply
@ cryptoyoda: You should wait a bit and see how it clears the way.
Reply
But how do we trade this? Go long if it clears the red MLH & short if it bounces down? Or does the impending risk of support from the fibo 1.382 mean the short trade's not worthwhile?
Reply
jefftan cryptoyoda
Once it breaks the U-MLH you can long
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out