USDJPY is a pair that easily have similar pattern on daily chart.
Both ascending channel are not used for a long trade but for a short trade.
The right one is now waiting for confirmation and entry signal to short down to 108-105.
To do that, USDJPY needs to retouch the middle line or last high and make a decision to break the channel to give bear signal to us.
Less is more!
Both ascending channel are not used for a long trade but for a short trade.
The right one is now waiting for confirmation and entry signal to short down to 108-105.
To do that, USDJPY needs to retouch the middle line or last high and make a decision to break the channel to give bear signal to us.
Less is more!
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