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tokelohomi
May 21, 2023 10:21 AM

Anticipated massive drop 

U.S. Dollar/Japanese YenFXCM

Description

The demand zone changed the market structure by going bullish in advances of volatility contraction, the market was creating and breaking highs to the peak which created a supply zone. A minor drop occurred and made a swing high to mitigate the supply. Price then dropped to violate the inducement and made a pullback to the breaker. By the look of things this breaks is being respected, if price doesn’t push up to the swing high then this current scenario will be the ultimate drop to the breaker as the initial target…
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