Reversal awating....till we see any candle stick reversal formation or any another formation in lower time frame.
Lets see where we get get reversal from Grey box or Pink box (I think grey box most probably)
As we have break out on neck line of double bottom, therefore wait till retracement & take trade when you see any reversal formation in lower time frame or 2618 pattern formation in this time frame (Pink rectangle box for reversal).
Tight Bull & Bear fight ...let's see ....
Let's see if we get reversal from here
Wait till any reversal formation occur. (Either with candle stick or others patterns in low time frame)
Despite the pair’s rebound from the descending trend line support last Friday, the subsequent failure at 113.78 earlier this week followed by a retreat to 112.70 today has set falling tops formation. A daily close below 112.61 (last Friday’s low) would mark falling bottom and open doors for a test of 111.90 – 111.61 levels.
Wait till one of these meets the destination.... ;)
After reversal check this pattern
Wait until any reversal formation moved in our favour
It can be observed that USDJPY is being resisted at a strong horizontal resistance level and from the rising trendline which it broke a while back. Look to short at Current market price or at 114.03 Target: Next support which conincides with 0.5 retracement of the uptrend Stop: 114.38