USDJPY - 1HR - Long in Supply zone + Pattern confluence
2 patterns completing in complex FIB zone
Standard TP1
TP2 only if we break the TL to confirm more upside.
Rejection noted on the current candle, but waiting for 1 or 2 more candles
Diverging AO possible W5 complete on this TF
RSI returning to normal zone
**Monthly Pivot support not tested
Standard TP1
TP2 only if we break the TL to confirm more upside.
Rejection noted on the current candle, but waiting for 1 or 2 more candles
Diverging AO possible W5 complete on this TF
RSI returning to normal zone
**Monthly Pivot support not tested
Note
Demand zone not supply, you know what I mean :)Note
Monthly support still not tested and a strong bearish barneed to wait more
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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.