The market Started the October Series, with a (1.Low Volatility Test Reversal)
Then It Formed a (2. Potential Trend Change) Pattern
Made a retest for 17500 at (3. Effort Up) and (4. Effort Down)
And Till Today have given two positive Followups (5. and 6.)
So What is the Dominant Direction Here?
For me Logically is the Long Side
How i think prices will...
Wassup up traders!!!! hope you people are making some money.
Here is our analysis for USDJPY.
All the blue lines indicate support and resistence zone.
The black lines indicate the next movement accourding to our analysis.
One can take a buy call and set tp at 109.100 or one can wait and
take a sell call with tp of 106.500