USDJPY > Detailed Analysis and Markup, Where to Sell, and How?
Analysis of #USDJPY
Hi traders, today we will have a look at #USDJPY
another interesting Idea looking at that chart you can see we have a clear short-term downtrend for the Japanese USDJPY, as you can see we have a clearly defined downtrend
the market now moving inside of this downward channel, right now I am looking or expecting the market to push further higher to test my structure resistance level would also coincide with a key market level near 134 which is of which is also at the trendline resistance level.
right now if the market goes to 134 we will have a
1-structure resistance level we will have
2-trendline resistance level
3-Key market resistance level 134
which altogether will be a good level to start looking for sell opportunities if the market provides a reason to do so like a reversal pattern, double top, head, and shoulders, or maybe a bearish harmonic pattern
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #USDJPY
another interesting Idea looking at that chart you can see we have a clear short-term downtrend for the Japanese USDJPY, as you can see we have a clearly defined downtrend
the market now moving inside of this downward channel, right now I am looking or expecting the market to push further higher to test my structure resistance level would also coincide with a key market level near 134 which is of which is also at the trendline resistance level.
right now if the market goes to 134 we will have a
1-structure resistance level we will have
2-trendline resistance level
3-Key market resistance level 134
which altogether will be a good level to start looking for sell opportunities if the market provides a reason to do so like a reversal pattern, double top, head, and shoulders, or maybe a bearish harmonic pattern
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
