The USDJPY has completed a bullish Shark pattern on the H4 chart.
Price actually went below the PRZ, stabalised and bounced up over a hundred pips, close to 111.50
The H4 chart also showed us a bullish divergence on the indicators, hinting to us that it wants to move up
Now looking at the H1 for an opportunity to go long.
1. It could start moving up right now, breaking above the TL resistance will be a confirmation of the new leg up
2. It might fall back down lower to complete the Bullish Deep Gartley at 110.33
I am leaning more towards the Gartley pattern, Why??? The momentum indicator showing us some bearishness still.
Price actually went below the PRZ, stabalised and bounced up over a hundred pips, close to 111.50
The H4 chart also showed us a bullish divergence on the indicators, hinting to us that it wants to move up
Now looking at the H1 for an opportunity to go long.
1. It could start moving up right now, breaking above the TL resistance will be a confirmation of the new leg up
2. It might fall back down lower to complete the Bullish Deep Gartley at 110.33
I am leaning more towards the Gartley pattern, Why??? The momentum indicator showing us some bearishness still.