The previous break-out on the 12th of December showed bullish short-term signs for USDJPY - confirmed by the trending of an ascending triangle .
We have seen the ascending triangle break to the down-side in which we will seek support.
If we super-impose the fibs-sequence onto the plot we can estimate an entry which favor-longs.
Coinciding this entry with the longer-term ascending channel support we can estimate an accurate time.
Therefore I advise to go snipe the entry which is indicated by the green box.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
We have seen the ascending triangle break to the down-side in which we will seek support.
If we super-impose the fibs-sequence onto the plot we can estimate an entry which favor-longs.
Coinciding this entry with the longer-term ascending channel support we can estimate an accurate time.
Therefore I advise to go snipe the entry which is indicated by the green box.
Please like & follow for the support.
Yours Sincerely,
Anon. Scholar
Trade active:
Reached the demand-zone - Entered into a Long. Let's see how this one plays out now :)