breakdown ?? real or fake

OANDA:USDJPY   U.S. Dollar / Japanese Yen
usdjpy has been rallying all the way from april and a little bearish move during 6-13 jul 23

now the price has reached almost to the previous high and resistance zone on daily time frame
we noticed the price has created the evening star pattern (bearish)

and on medium time frame price a made impluse movement seems like liqudity grab
and with two candle previous 5-6 candles got overlapped from resistance (bearish)

price was forming a flag and pole like pattern and looked failed as price tried to breakout but it got rejected and came back into the zone of flag (bearish)

the actual breakdown will occur after the level of 144.500 is taken down
it is the higher low swing and closing below this level it will indicated selling pressure and change of trend


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.