ive been short on this since 144,881 with 2 positions being open i will be adding another once it breakds that ascending line and a nice retest with further confirmation
price is overall in a downtrend on bigger time frames and here we have a supply zone with an ascending channel wait for a breakout-retest and further candlestick conformation foe a sell position
if you look on my profile at my previous usdjpy analysis i predicted it would form another M pattern and it did exactly that. were at a big supply zone on the 4hr and were now starting a descending channel in a descending triangle which is very bearish
