Libra Esterlina/Iene JaponêsViés de baixa
Temporary Pullback and Big Bull Ahead
Price has just completed the first leg of the impulsive move last month and it hit all our TPs as expected.
Currently, it is in the corrective phase forming the right shoulder of the HNS pattern in the rectangle shape - entering the reversal phase.
I expect this pair will be making a temporary pullback to the Demand Zone before continuing the 2nd phase of Bullish momentum to the major 2019 and 2018 trendlines .
Yen and dollar seem to get weaker in the upcoming weeks.
Hence, this would be a great opportunity for LONG.
This is a long term idea.
Remarks; This setup is invalid if the price breaks the key level. 136.90
Currently, it is in the corrective phase forming the right shoulder of the HNS pattern in the rectangle shape - entering the reversal phase.
I expect this pair will be making a temporary pullback to the Demand Zone before continuing the 2nd phase of Bullish momentum to the major 2019 and 2018 trendlines .
Yen and dollar seem to get weaker in the upcoming weeks.
Hence, this would be a great opportunity for LONG.
This is a long term idea.
Remarks; This setup is invalid if the price breaks the key level. 136.90
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.