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alikze
Feb 12, 2024 4:13 PM

Alikze → USDJPY | Break trigger line Long

U.S. Dollar/Japanese YenFXCM

Description

In time H4 and H8, it is moving in an ascending channel. After the failure of the dynamic trigger, it reached the supply area. Two movement scenarios can be considered for it. In case of a pullback to the trigger line and the bottom of the channel and the failure of the supply zone, it will rise to the next zone. And the second scenario is that after the failure of the current supply zone and the pullback, it will move to its own upward path to the next supply zone.
🟩Sup: 148 Unit
⛳️Tp1: 150 Unit
⛳️ Tp2 :151.355~151.640
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Comment

Strong break of the resistance level according to the analysis as well as the dollar index (
) chart, the details of which are specified on the chart in a separate post.
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