Anthony_dunne

Anthony_dunne

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

Anthony_dunne

hehe

Anthony_dunne

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

Anthony_dunne

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

Anthony_dunne

;`

Anthony_dunne

my instagram young_fx_trader_

Anthony_dunne

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Anthony_dunne

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Anthony_dunne

also look at the 4 hour or daily we have a nice double bottom

Anthony_dunne

price hits uptrend for third touch and a nice crooked double bottom

Anthony_dunne

price is at major support wait for a breakout on that downtrend line and a buy set up on a lower tme frame

Anthony_dunne

we were in a huge downtrend but price broke out of it and now were at a big support level

Anthony_dunne

a nice rising wedge with a breakout and now a retest for it to sell off again especially with this virus in japan the yen has been weaker

Anthony_dunne

third touch making a valid uptrend and a nice bullish pinbar candle

Anthony_dunne

.

Anthony_dunne

price was in an uptrend but breaks out waiting on a retest we also see a nice double top so this is all looking bearish to me

Anthony_dunne

were at major support with a nice double bottom and price rejecting

Anthony_dunne

price broke out of the downtrend and were not in a confirmed uptrend