☑️USD_JPY broke the falling resistance line And is now trading way above the level Therefore, we are now bullish biased I think we might see a pullback To retest the level of the breakout But then the pair will go up With The first key level of 112.2 On its way up LONG↗️
I would be cautious this isn't banks looking for SHORT stops to take out.
These overbought levels haven't been seen since 2016. 111 is crazy high.
Every indicator is screaming big hard collapse
wolffarchitecture
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@wolffarchitecture,
My friend you made a good CALL , I have updated my count.
Trader_Dale
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Hi ProSignalsFx,
Wonderful analysis there!
Here's my entry on a bit lower timeframe, it's coming right now so hopefully it's helpful!
Cheers,
-Dale
kingfrezo001
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I actually had the same trendline on my chart. please where's your next potential resistance?
These overbought levels haven't been seen since 2016. 111 is crazy high.
Every indicator is screaming big hard collapse