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U.S. Dollar / Japanese Yen
Short

CALM SELL

By Toppa
UJ created a relative equal high after a break and retest of a H4 rising channel support. There was a target area for a liquidity grab above the relative equal high where price was expected to push to before dropping again. After that area was hit, a 50% fibonacci retracement was created on the M30 timeframe. The profit projection area from this 50% fibonacci retracement lines up with a H1 indecision level which is TP1. TP2 is H4 lower low which is also just above the D1 timeframe support. Feel free to comment and let me know what you think.

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Chart PatternsliquiditygrabSELLtechnicalanalysisexplaineduj
Toppa

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