USDJPY - SUGGESTED ROUTE
I've adjusted some lines to what I think are the correct placements.
Crossing or confluence of lines often gives ease of passage. If the pair is to go
up as I think it now will, as the 'reaction effect' (these parallels are very good at turning price movements),
it should I hope gain reentry to the minor fork as noted. If it fails the red median line it may drop
out somewhere around the suggested exit. If it crosses it and especially gets back inside the 'purple' channel
... different story.
Crossing or confluence of lines often gives ease of passage. If the pair is to go
up as I think it now will, as the 'reaction effect' (these parallels are very good at turning price movements),
it should I hope gain reentry to the minor fork as noted. If it fails the red median line it may drop
out somewhere around the suggested exit. If it crosses it and especially gets back inside the 'purple' channel
... different story.
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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.