Hellena | USD/JPY: False channel breakout!
The main scenario is close to being realized! The price confidently reached the resistance line of the ascending channel!
We are still waiting for a strong pattern to enter a short position with a target of 133.7. This means that the price may break the channel and reach the level of impressive options contracts at 141.850, then correct to a strong support area, and then make a new high! This is where sellers will get their stop losses and the price will move in the desired direction!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
We are still waiting for a strong pattern to enter a short position with a target of 133.7. This means that the price may break the channel and reach the level of impressive options contracts at 141.850, then correct to a strong support area, and then make a new high! This is where sellers will get their stop losses and the price will move in the desired direction!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
It is likely that the support range will be reached earlier and the price will immediately move towards the level of option contracts at 141.850. The maximum will be updated!
