USDJPY-Weekly Market Analysis-Feb20,Wk4
Two trading scenario may develop from here.
1) The market may bounce off towards the upside after a bullish engulfing candle within the blue box(buy zone);
or
2) After bouncing within the box for the first time, the market may break and close below it and have a head and shoulder setup.
Personally based on the technical setup, it seems more likely for (2) to happen, but USDJPY has a notorious reputation of being influenced by news.
1) The market may bounce off towards the upside after a bullish engulfing candle within the blue box(buy zone);
or
2) After bouncing within the box for the first time, the market may break and close below it and have a head and shoulder setup.
Personally based on the technical setup, it seems more likely for (2) to happen, but USDJPY has a notorious reputation of being influenced by news.
We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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