I believe my analysis will help expose how the price moves in the market. It is clear that the price moves forming different patterns giving hints as to what we could expect next.
The price has been moving in an ascending channel, it got broken and retested, I believe the price will eventually fall towards my arrow head.
The price has been moving in an ascending channel, it got broken and retested, I believe the price will eventually fall towards my arrow head.
Trade active
Price didn't go down as we expected in our previous analysis, yet the game play hasn't changed much.
As seen on our chart, the price still couldn't break the trendline resistance, thus forming a triple top, I believe that the price will eventually fall farther to our arrow head area as our profit zone, A good entry will keep you ahead, so, don't rush.
Success!
Trade closed: target reached
JPYX (Yen Index) to help track our YEN Pairs, I expect the Yen index to keep growing to my Flag.
We have a channel where price is currently navigating within and a bullish price action pattern formed, A break out above it will give rice to a stronger Yen and a weak base currency paired with Yen.
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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.
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.