USDJPY AT A CRITICAL POINT
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PAIR AT CRITICAL TURNING POINT - A DESCENDING CHANNEL TOP
As you can see that the descending channel top is acting a support for this pair. However, this current price level is a turning point
where sell pressure can rush in, from previous order blocks established. A break below this price, preferably below @110.20
and a proper retest can usher in sell pressure OR a bounce off @110.5 into 111 or close and a retest of the channel top as a
support can usher in fresh buy opportunities. All we need is a proper confirmation before opting for any move.
Above all, stick to your rules and plans and align with the disclaimer below!
Disclaimer: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
PAIR AT CRITICAL TURNING POINT - A DESCENDING CHANNEL TOP
As you can see that the descending channel top is acting a support for this pair. However, this current price level is a turning point
where sell pressure can rush in, from previous order blocks established. A break below this price, preferably below @110.20
and a proper retest can usher in sell pressure OR a bounce off @110.5 into 111 or close and a retest of the channel top as a
support can usher in fresh buy opportunities. All we need is a proper confirmation before opting for any move.
Above all, stick to your rules and plans and align with the disclaimer below!
Disclaimer: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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.
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.