USDJPY 1h triangle CLOSER LOOK
Updated
Upon viewing the 1h chart, perhaps this ABCD could permit a bounce. The green channel helps indicate a short term bottom of the range. My bias is still to the short side, but will take long scalps IF/WHEN I see fit. The orange support line looks like an appealing target, especially if we drop out of the green channel.
NOTE: CHART ANNOTATED
Above Green Line Long Bias
Below Green Line Short Bias
NOTE: CHART ANNOTATED
Above Green Line Long Bias
Below Green Line Short Bias
Note
Okay. ABCD held. We are now above my LONG SHORT Bias line. Buys trades only for me.Note
Well, look at that! A cross below my LONG SHORT Bias line. Short trades only. Keep in mind that I recognize an inverse head and shoulders pattern forming on the hourly, and we could easily come back to Long bias. My hope is that price follows the sideways orange path. I apologize for the lower trendline fakeout.Note
A buy above the line would have made some nice pipsCrazy gap with French election news. Trade carefully.
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