USDJPY broke structure on the 4HR Time- frame.
Right now, it retesting a resistance level which might signify a pull back before it continues it's journey up.
On the flip side, it could just break through the resistance without a pull back and keep going up!
I think It's all dependent on what happens in the triangle it's in now. If it breaks through to the upside, then it most likely will keep on going without a pullback, and vice versa.
Trading is a risky venture, do not take this as trading advice, make your own personal research as well! 💯
Right now, it retesting a resistance level which might signify a pull back before it continues it's journey up.
On the flip side, it could just break through the resistance without a pull back and keep going up!
I think It's all dependent on what happens in the triangle it's in now. If it breaks through to the upside, then it most likely will keep on going without a pullback, and vice versa.
Trading is a risky venture, do not take this as trading advice, make your own personal research as well! 💯
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.
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.