SHORT SETUP
IT REACHED THE RESISTANCE AND IT DID NIOT BREAK. ITS MAKING A REVERSE TO THE DOWN SIDE HEADING DOWN TO THE TRENDLINE
FIB
SUPPORT TURNS RESISTANCE IT MADE A RETEST WE LOOKING FORWARD FOR A DOWNTREND CONTINUATION
USDJPY
It is what it is
price action
like if you agree
just price action + fib
broke weekly trend line and retested the previous support
potential BAT forming
potential Harmonic crab forming
After breaking the downtrend and retesting the broken area, we will notice a new rise to Fibonacci level 0.61.
Inverse Head & Shoulders Forming. BUY for 550 PIPS. Wait for price to get to 1.75560 then take a BUY