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MarketFrequency
Jul 16, 2023 11:46 AM

Market Frequency - Kite Analysis - UsdJpy H1 - Short Short

U.S. Dollar/Japanese YenFXCM

Description

Analysis
- Black: D1 long fork (between the median and the upper parallel)
- Red: H4 long fork (over the lower parallel) and previous week's levels
- Orange: H1 short fork (over the lower parallel) and previous day's levels
- Yellow: m15 short fork (upper parallel)

Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Long correction and short trend. If the m15 fork breaks, it is long. Target is the low of the H1 short fork.
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