"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 inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.
Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd 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 inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.
Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline, after that if price makes a new corrective structure on that area we will look for a 2nd 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.