"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is approaching the Triangle Trendline
-We expect this Trendline will give some type of Support before the breakout
Based on this if the price breaks down with a close candlestick below 108.400 we expect a continuation of the downward movement towards 105.300
MULTI TIMEFRAME VISION:
-Weekly
-Daily
Main Items we observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is approaching the Triangle Trendline
-We expect this Trendline will give some type of Support before the breakout
Based on this if the price breaks down with a close candlestick below 108.400 we expect a continuation of the downward movement towards 105.300
MULTI TIMEFRAME VISION:
-Weekly
-Daily