UPDATE: USDJPY building liquidity below Resistance!
Market is contracting just below a key resistance level from an intraday perspective. The trendline support is still strong, which provides added confluence to my bullish forecast.
Currently It is safe to say that wave 3 will be an extended wave and once we break above resistance we should see strong momentum. I would suggest to capitalize on this momentum once the market breaks (That's If you are not already in the trade, like myself).
As always your thoughts and feedback are welcome, let's discuss in the comments.
Signed,
Samore
Currently It is safe to say that wave 3 will be an extended wave and once we break above resistance we should see strong momentum. I would suggest to capitalize on this momentum once the market breaks (That's If you are not already in the trade, like myself).
As always your thoughts and feedback are welcome, let's discuss in the comments.
Signed,
Samore
Trade active:
