Hope you all have made a good profit yesterday. tho this pair has broken the trendline but there is not trade call at the moment unless it closes below the marked line because pattern can still change. So trade wisely.
If you've seen last idea in which we saw that pattern was underformation and we we anticipating a move up! tho we got the move up but we saw that after a change in the pattern. According to current data, this is what i am expecting.
It's my own view so it can differ.
No hard feelings.
Have a good day!
Hope you all are well. USDJPY is formation a nice correction after an impulsive move towards the down side. We may expect an another towards the downside. Correction is still in formation so me may see a little move in upside direction. BUT all we have to do is keep an eye on the corrective trendline. if that breaks and closes below. we may see a similar...
If you have followed my previous posted idea when correction was forming you had a idea about this move. It was quite a powerful move towards upside. Now similar structure is underformation. But it we will not jump into this one until it fully forms and break the trendline. BUT WE WILL KEEP AN EYE BECAUSE IT CAN GIVE US GOOD PIPS>