Major support lines define a clear repeating pattern . Support line respect the FIB expansion of 2.61 each time. Exponential increases each time Pullback to support faster each time after in each price zone .
false brake on weekly- take profit an next below resistence level ANY comments are welcome !!
major resistence level on higher timeframes (weekly) ANY comments r welcome !!
short on usdjpy on the 3D chart. rejection of the support area & new low created
sell below green line. stop loss at yellow line. clear refusal of candles to close above initial bar starting the sideways movement( crappy risk to reward ratio ,though- but I like the setup)
pair looks fantastic on weekly . presented here on daily , i say short on retrace at green line . sadly , my sell limit didn t trigger this time
With an overall weekly downtrend , daily support is clearly rejected for the 2nd time