jech-13

USDJPY CONFLUENCE

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Well I went to the monthly time Frame to find any structure on the market for the long term period ,
I see that is making a flag structure having the point of a breakout at top of the structure but then we find a Hamer
candle at this point then for a clear bearish momentum we will need another candle stick telling us a confirmation with break at the support of that candle having a strong push to the down side ... so expecting a bearish long time period from my analysis
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.