bearish breakout in usdjpy
RECAP:
on December 21st, 2021. I observed this pair breaking out bullish. But the trend wasn't confirmed for another 73 days. In the following 64 days, the pair saw a gain of 14%. My indicator is currently indicating a top that was made on July 28, 2022. (137.8).
Four-hour trend:
A temporary relief rally to liquidate shorts may occur. My objectives are;
Target 1 is 136.
Target 2: 138.127
if the support area at 134 is broken, the bears will be in charge. My goals are;
target 3 - 130.7
target 4 - 127.651
Trend evaluation
Daily, 2 Hour, 15 Minutes: Bearish
on December 21st, 2021. I observed this pair breaking out bullish. But the trend wasn't confirmed for another 73 days. In the following 64 days, the pair saw a gain of 14%. My indicator is currently indicating a top that was made on July 28, 2022. (137.8).
Four-hour trend:
A temporary relief rally to liquidate shorts may occur. My objectives are;
Target 1 is 136.
Target 2: 138.127
if the support area at 134 is broken, the bears will be in charge. My goals are;
target 3 - 130.7
target 4 - 127.651
Trend evaluation
Daily, 2 Hour, 15 Minutes: Bearish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.