Hello my dear friends,
Lastly, I've expected for this currency pair to go up with that safe key level that prices should not break below it which would indicate that the market will turn into aggressive bearish momentum, thankfully we were aware of it.
Now, what about this pair?
Of course this pair lost any bullish momentum and gained a very aggressive bearish...
Type2 Bullish Bat setup along with AB=CD pattern with RSI Divergence and not just that a buy zone reversal and the candle 'check-back' isn't this fantastic.
Well, the only thing that wasn't that great is having such a high volatile black candle and head in for a countertrend trade doesn't look like the smartest move right? Perhaps is what we say about the...
USDJPY expected to rise up to 1st resistance at 107.186 where it could potentially react off and drop down to 1st support at 106.766.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY is currently consolidates around significant resistance level.
setting new higher lows and forming an ascending triangle
the market leaves us clues that there is a high chance to see a bullish continuation.
adjust your trading plan accordingly and be focused on breakout.
next levels on focus: