- Awaiting Change of Character (CHoCH) for UUSD/JPY on *W tf (weekly time-frame).
Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr)
Decent probable Shorting opportunity in case UUSD/JPY fails CHoCH.
Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect.
Pullbacks to at least 20 EMA *W + S/R zone.
Volume is aswell below average on *W
Price seems over extended for now despite The Uptrend Market Structure on
smaller time-frames
(screenshot attached at comment section)
Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr)
Decent probable Shorting opportunity in case UUSD/JPY fails CHoCH.
Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect.
Pullbacks to at least 20 EMA *W + S/R zone.
Volume is aswell below average on *W
Price seems over extended for now despite The Uptrend Market Structure on
smaller time-frames
(screenshot attached at comment section)
註釋
(Zoomed in Uptrend)
Post-Symmetrical Triangle Break-out
交易進行
UUSD/JPY (update) Short Entry at the target given
TP areas as OB and Demand Zones.
註釋
Local Resistance for USD/JPY*Daily (tf) 142.255
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