TradingView
ThinkingAntsOk
May 22, 2019 12:57 PM

"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk Short

U.S. Dollar/Japanese YenFXCM

Description

4H CHART EXPLANATION:

Main Items we Observe on the Chart:

-Price has broken the ascending trendline.
-Currently, price is inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.

Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd downward movement towards 105.300


MULTI TIMEFRAME VISION:

- Weekly:


-Daily:

More