USD/JPY -On its way to a Safe Short
- We've seen USD/JPY uptrending for what will be
the fifth (5) consecutive Weekly Green Candelstick prints.
Some cool of may occurr in terms of price action,
further due for correction ?
Lots of Higher Highs levels as Support from below
Looking from the left,
a Weekly Supply Zone can be spotted ;
(you can refer it as a *W OB).
As well coinciding with the fact of approaching Resistance Trendline of
Ascending Channel Pattern (a.k.a Bearish Flag).
Short-Bearish case Opportunities are on its way for USD/JPY.
Bullish case would be the breakout of pattern through above average volume and the
Supply Zone being broken.
This would invalidate the Short Opportunities idea for USD/JPY
Until the next one;
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before even considering partaking on any Trading Acitivity based solely on this Idea.
the fifth (5) consecutive Weekly Green Candelstick prints.
Some cool of may occurr in terms of price action,
further due for correction ?
Lots of Higher Highs levels as Support from below
Looking from the left,
a Weekly Supply Zone can be spotted ;
(you can refer it as a *W OB).
As well coinciding with the fact of approaching Resistance Trendline of
Ascending Channel Pattern (a.k.a Bearish Flag).
Short-Bearish case Opportunities are on its way for USD/JPY.
Bullish case would be the breakout of pattern through above average volume and the
Supply Zone being broken.
This would invalidate the Short Opportunities idea for USD/JPY
Until the next one;
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before even considering partaking on any Trading Acitivity based solely on this Idea.
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