"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk
4H CHART EXPLANATION:
Main Items we observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is approaching the Triangle Trendline
-We expect this Trendline will give some type of Support before the breakout
Based on this if the price breaks down with a close candlestick below 108.400 we expect a continuation of the downward movement towards 105.300
MULTI TIMEFRAME VISION:
-Weekly
-Daily
Main Items we observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is approaching the Triangle Trendline
-We expect this Trendline will give some type of Support before the breakout
Based on this if the price breaks down with a close candlestick below 108.400 we expect a continuation of the downward movement towards 105.300
MULTI TIMEFRAME VISION:
-Weekly
-Daily
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.