UJ Short Term Long
ABC pattern completed at 109 and into demand zone
immediate reaction and price aggressively moved out forming an impulse leg out of the accumulation area
Price is now in a head shoulders like correction however i believe its a fake H&S and i expect price to continue upwards towards big figure 112 where there is resting liquidity.
Price has the potential as the DXY continues to gain bullish momentum to run to 113 and close the voids at the previous swing apex base
most JPY pairs are correlating with similar bullish price action
Target 1: 112
Target 2: 113
Entry was 111.163
immediate reaction and price aggressively moved out forming an impulse leg out of the accumulation area
Price is now in a head shoulders like correction however i believe its a fake H&S and i expect price to continue upwards towards big figure 112 where there is resting liquidity.
Price has the potential as the DXY continues to gain bullish momentum to run to 113 and close the voids at the previous swing apex base
most JPY pairs are correlating with similar bullish price action
Target 1: 112
Target 2: 113
Entry was 111.163
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.