POTENTIAL ADVANCED BEARISH SHARK PATTERNUSD/JPY

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

USD/JPY is forming a potential advanced bearish shark.In the theory of advanced shark patterns point D can be situated between 0,886 retracement of XA leg and 1,13 extension of XA leg .When price will touch 0,886 retracement of XA leg take a look and compare with the stochastic oscillator .Price can reverse at o,886 retracement of XA leg ,at 1,13 estension of XA leg or between these two values.

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