Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to...
The daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the...
