2nd analysis on USDJPY 1 hour chart (SELL?)
Hey everyone,
This is my 2nd analysis on the USDJPY on the time frame of 1 hour.
As you can see, I have circled the candle stick patterns everywhere where the market wants to make a turn or has made with the well-known bearish and bullish patterns.
June 13 began the analysis with a 3 bullish pattern which is a bearish candle pattern where the market threatens to go down.
3 hours later it is confirmed with a bearish night star pattern.
broken the support and created a new floor where the price was difficult and the floor tested several times.
An hour later where a high impact news probably took place and the resistance broke and came back indicating that the shadow is 2-3 times larger than the body which is a sales feature.
With the famous tweezer tops knowing a good sell-order to be able to place.
The support to have broken and on the way to the next support zone where bled and respected.
After 7 hours of support to have broken without a known pattern and almost 30 pips falls to a strong price level where it is respected.
Where expected, price is going to rise.
inverted hammer, fortress, doji and the bullish engulfing are discussed.
which clearly means that the price will rise and that happens with almost 100 pips to the tweezer tops.
on the way indicated the 1st and 2nd pullback to create an entry point for a buy order I usually step in at the 1st and 2nd the 3rd never.
With the tweezer tops, the price level was respected and the bullish pattern indicated for a sell-order and almost 40 pips dropped.
Completed at the level of support that is respected, a familiar pattern of 3 candles is formed.
The bearish III is expected to be a heavy fall, but it will not go through support, which is also a good sign for the future.
4 hours in consoladation what good scalp opportunities were, a doji is created which after 2 hours follows a 2nd doji which usually means that the market makes a turning point.
but that ends against resistance
What I think the market will do is respect the resistance by the fact that last 2 doji took place and the price level in the past has been respected several times, but where broken, it has returned to the old price level.
Let me know what you think or what I missed and hope that our prediction comes true.
Thanks for reading and watching my 2nd analysis, hope we are at the same level.
see you guys.
This is my 2nd analysis on the USDJPY on the time frame of 1 hour.
As you can see, I have circled the candle stick patterns everywhere where the market wants to make a turn or has made with the well-known bearish and bullish patterns.
June 13 began the analysis with a 3 bullish pattern which is a bearish candle pattern where the market threatens to go down.
3 hours later it is confirmed with a bearish night star pattern.
broken the support and created a new floor where the price was difficult and the floor tested several times.
An hour later where a high impact news probably took place and the resistance broke and came back indicating that the shadow is 2-3 times larger than the body which is a sales feature.
With the famous tweezer tops knowing a good sell-order to be able to place.
The support to have broken and on the way to the next support zone where bled and respected.
After 7 hours of support to have broken without a known pattern and almost 30 pips falls to a strong price level where it is respected.
Where expected, price is going to rise.
inverted hammer, fortress, doji and the bullish engulfing are discussed.
which clearly means that the price will rise and that happens with almost 100 pips to the tweezer tops.
on the way indicated the 1st and 2nd pullback to create an entry point for a buy order I usually step in at the 1st and 2nd the 3rd never.
With the tweezer tops, the price level was respected and the bullish pattern indicated for a sell-order and almost 40 pips dropped.
Completed at the level of support that is respected, a familiar pattern of 3 candles is formed.
The bearish III is expected to be a heavy fall, but it will not go through support, which is also a good sign for the future.
4 hours in consoladation what good scalp opportunities were, a doji is created which after 2 hours follows a 2nd doji which usually means that the market makes a turning point.
but that ends against resistance
What I think the market will do is respect the resistance by the fact that last 2 doji took place and the price level in the past has been respected several times, but where broken, it has returned to the old price level.
Let me know what you think or what I missed and hope that our prediction comes true.
Thanks for reading and watching my 2nd analysis, hope we are at the same level.
see you guys.
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